Building stats still on downward trend

Posted On Tuesday, 23 November 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 September 2010 was 5,2% lower (-R2 587,8 million) compared with January to September 2009

This was due to the decrease reported for non-residential buildings (-35,8% or –R5 348,8 million). Increases were reported for additions and alterations (9,3% or R1 484,6 million) and residential buildings (6,8% or R1 276,4 million).

The value of buildings reported as completed to larger municipalities (at current prices) during January to September 2010 decreased by 20,0% (-R8 004,9 million) compared with January to September 2009. The biggest decrease was reported for non-residential buildings (-25,6% or -R2 910,7 million), followed by residential buildings (-19,8% or -R3 745,2 million) and additions and alterations (-13,8% or -R1 349,0 million).


Publisher: eProp
Source: SSA

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