Value of building plans down, but some growth in completions

Posted On Friday, 22 January 2010 02:00 Published by
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The value of recorded building plans passed by larger municipalities (at current prices) during January to November 2009 decreased by 23,1% (-R17 431,6 million) compared with January to November 2008
The largest decrease was reported for residential buildings (-38,0% or -R13 920,7 million), followed by non-residential buildings (-10,0% or -R1 764,1 million) and additions and alterations (-8,2% or -R1 746,8 million).
 
The value of buildings reported as completed to larger municipalities (at current prices) during the first eleven months of 2009 decreased by 5,6% (-R2 775,5 million) compared with the first eleven months of 2008. The decrease of 5,6% (-R2 775,5 million) in the value of buildings reported as completed during the first eleven months of 2009 was due to a decrease reported for residential buildings of 17,8% (-R5 036,4 million). However, growth was still reported for additions and alterations (18,3% or R1 826,5 million) and non-residential buildings (3,7% or R434,4 million) during the above-mentioned period.
Publisher: eProp
Source: SSA

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