Nairobi’s building approvals dropped by Ksh. 55.67 billion in total value during the first nine months of the year according to the latest data from the Kenya National Bureau of Standards (KNBS).
The drop is attributed to a disruption in activity brought about by the coronavirus pandemic for a good portion of the year which brought the value of approved buildings down to Ksh. 120.78 billion.
Comparable metrics from a similar period last year shows that the value of building approvals was Ksh. 176.5 billion.
According to the data, the value of residential building approvals alone fell by Ksh. 30.5 billion from Ksh. 114.6 billion to Ksh. 84.1 billion while commercial approvals fell to Ksh. 36.7 from Ksh. 61.9 billion during a similar period in 2019.
There were no building approvals in Nairobi in June and July following the lockdown.
Nairobi County government and the Nairobi Metropolitan Services (NMS) have had a number of tussles overbuilding approvals during the year.
In May, Nairobi Metropolitan Service (NMS) suspended the e-construction development application processing system formerly managed by the Nairobi City County Government before reversing the decision.
Nairobi building approvals averaged Ksh. 14.3 billion quarterly from 2005 until 2019, reaching an all-time high of Ksh. 30.1 billion in November of 2013 according to Trading Economics.