The City of Windhoek approved 207 building plans worth N$180.1 million in September, 45 more than in August.
However, the total value of approvals fell by N$33.6 million, representing a 15.7% month-on-month and 52% year-on-year decline.
According to IJG Securities, the total value of building plans approved so far this year stands at N$1.56 billion, 3.8% lower than during the same period last year. On a twelve-month cumulative basis, 2,007 plans were approved with a combined value of N$2.16 billion, a 3.7% increase compared to the preceding twelve months.
“On a twelve-month cumulative basis, 2,007 building plans were approved worth approximately N$2.16 billion, 3.7% higher in value terms compared to the same period a year ago,” IJG Securities said.
Additions to existing properties accounted for the largest share of approvals, with 168 plans approved in September — 48.7% more than in August. These were valued at N$72.5 million, up 42.9% month-on-month.
“On a year-to-date basis, 1,181 additions to properties were approved, valued at N$503.2 million, representing a 5.2% year-on-year increase in number but a 21.8% decline in value,” IJG Securities said.
Residential units made up 33 of the total approvals, down 21.4% from August, with a combined value of N$59.6 million — a 44.9% month-on-month decrease. Ten residential units were completed in September, worth N$18.5 million.
“Year-to-date, 105 residential units have been completed, worth N$179.4 million, a 36.2% decline in value compared to the same period in 2024,” IJG Securities said.
Commercial and industrial building approvals totalled six units, one fewer than in August, valued at N$48 million — a 12.4% decline month-on-month. No commercial or industrial units were completed during September.
“On a year-to-date basis, 53 commercial and industrial building plans were approved, worth N$507.2 million, a 14.8% year-on-year increase compared to September 2024,” IJG Securities said.
