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City of Windhoek’s approved building plans decrease in May

City of Windhoek’s approved building plans decrease in May

A total of 159 building plans were approved by the City of Windhoek in May 2019, 11 less than in April, showing that N$81.3 million worth of plans were approved in May as opposed to N$169 million in April 2019.

Additions to properties recorded the highest approval, as 116 additions have worth N$34.1 million have been approved. In April, additions to properties approved stood at 132 with a value of N$59.3 million.

In the last 12 months 2,198 building plans worth N$2.01 billion have been approved by the City, increasing by 14.7% y/y in terms of number of approvals and 19.4% y/y in terms of value.

The total value of plans approved is 22.9% down from the peak in March 2013. According to IJG Research, should the adjust the for inflation be adjusted, the value of plans approved is down over 42% from the peak in April 2013.

“While cumulative approvals have been increasing in number and value terms when compared to a year ago, construction activity in the Windhoek municipal area is very much subdued by historical standards,” IJG Research stated.


 

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Donald Matthys

Donald Matthys has been part of the media fraternity since 2015. He has been working at the Namibia Economist for the past three years mainly covering business, tourism and agriculture. Donald occasionally refers to himself as a theatre maker and has staged two theatre plays so far. Follow him on twitter at @zuleitmatthys

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