Value of all buliding plans passed and completed decreases in third quarter

Posted On Friday, 20 November 2009 02:00 Published by
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The value of recorded building plans passed by larger municipalities (at current prices) during January to September 2009 decreased by 26,9% (-R16 877,9 million) compared with January to September 2008

The largest decrease was reported for residential buildings (-43,3% or -R13 458,5 million), followed by additions and alterations (-11,4% or -R1 969,1 million) and non-residential buildings (-10,1% or –R1 450,3 million).

The preliminary estimates indicate that the value of buildings reported as completed to larger municipalities (at current prices) during the first nine months of 2009 decreased by 4,4% (-R1 722,9 million) compared with the first nine months 2008.

The decrease of 4,4% (-R1 722,9 million) in the value of buildings reported as completed during the first nine months of 2009 was due to a decrease reported for residential buildings of 18,2% (-R4 054,6 million). However, strong growth was still reported for additions and alterations (23,0% or R1 790,0 million) and non-residential buildings (5,9% or R541,7 million) during the above-mentioned period.


Publisher: eProp
Source: SSA

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