The Namibia Statistics Agency (NSA) reports that the total value of buildings completed in Namibia surged to N$86.8 million in March 2025, with Swakopmund accounting for the largest share at 51%.
According to the latest data, Windhoek contributed 25.9% of the total value, while Walvis Bay followed with 23.1%. Ongwediva reported no building completions during the period under review.
This comes as the Composite Index for Buildings Completed increased by 72.6% on a monthly basis in March 2025.
“In contrast to a contraction of 2.1 % posted in February 2025. Furthermore, the index recorded an increase of 64.3 % on an annual basis,” NSA noted.
The data, which tracks permits for industrial, residential, institutional, commercial, and ‘additions and alterations’ completed, covers four major local authorities: Windhoek, Swakopmund, Walvis Bay, and Ongwediva.
The biggest monthly gain was observed in the Industrial Buildings Completed Index, which expanded by 250.0%.
“This follows a 100.0% growth posted in the previous month. On an annual basis, the index similarly increased by 100.0%,” the NSA said.
Meanwhile, residential building completions rose by 55.2% in March 2025. However, year-on-year, the index declined by 2.2%. “The increase reverses the 31.0% contraction recorded in February 2025,” the agency noted.
For additions and alterations, the index rebounded by 41.7% in March after having dropped by 53.8% in February. Year-on-year, this segment registered a 9.7% increase.
However, two segments reported no activity.
“The Institutional Buildings Completed Index contracted by 100.0% in March 2025. This is in contrast to the 100.0% growth recorded in February 2025,” the NSA stated.
The Commercial Buildings Completed Index also fell sharply by 100.0% in March 2025, both on a monthly and annual basis, the NSA said.
