The City of Windhoek recorded N$1.2 billion worth of building plan approvals by the end of July 2025, reflecting a 2.1% increase compared to the same period in 2024, according to IJG Securities.
In the twelve months to July, a total of 1,970 plans were approved, valued at N$2.24 billion. This represents a 6.7% rise in the number of approvals and a 24.8% increase in value year-on-year.
During July alone, 241 building plans worth N$175.6 million were approved, a sharp rise from June.
“In monetary terms, this is an increase of N$48.6 million (38.3% m/m) in comparison to June. The number of completions for the month of July stood at 28, valued at N$29.0 million,” IJG noted.
Additions to existing properties dominated approvals, with 197 recorded in July, up from 115 in June.
“These additions were valued at N$77.2 million, indicating a 108% m/m increase from June. Year-to-date, 900 additions to properties have been approved with a total value of N$379.9 million, representing a 5.6% y/y increase in number – but a 29.1% y/y decline in value terms. 19 additions worth N$8.5 million were completed during the month,” the firm said.
In the residential segment, 29 units were approved in July at a value of N$47.2 million. IJG reported that this marked “a 26.1% m/m increase in the number of approvals, but an 11.0% m/m decline in the value”.
Year-to-date, 171 residential units have been approved, 13.2% fewer than in the corresponding period in 2024. Over the past year, however, approvals rose to 322 units with a combined value of N$821.5 million. “This indicates a 1.9% y/y increase in the number of approvals and a 35.2% y/y increase in the value compared to the same period a year ago. 9 new residential units worth N$20.5 million were completed during the month,” said IJG.
Commercial and industrial approvals in July amounted to 15 units worth N$51.2 million, up from seven in June. Year-to-date, 40 commercial and industrial units have been approved, valued at N$404.4 million. IJG said this reflected a 4.8% year-on-year decline in the number of approvals, but a 127.3% increase in total value.
On a cumulative 12-month basis, the number of commercial and industrial approvals fell to 54 units from 64 in the previous year. No completions were recorded in this category during July.
