The value of recorded building plans passed in South Africa declined 25.8 percent year-on-year to 8.51 million in February of 2020, after falling 30.4 percent in the previous month. This was the fourth consecutive month of decreases in building permits, led by both the residential segment (-37.5 percent vs -45.3 percent) and the non-residential one (-22.5 percent vs -11.7 percent). In contrast, permits rebounded for additions & alterations (5.7 percent vs -8.1 percent).
Building Permits in South Africa averaged 3562206.23 ZAR Thousand from 1981 until 2020, reaching an all time high of 11840324 ZAR Thousand in August of 2018 and a record low of 218553 ZAR Thousand in December of 1985. This page provides - South Africa Building Plans Passed- actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Building Plans Passed - values, historical data and charts - was last updated on July of 2020. source: Statistics South Africa
Building Permits in South Africa is expected to be 7500000.00 ZAR Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Building Permits in South Africa to stand at 6400000.00 in 12 months time. In the long-term, the South Africa Building Plans Passed is projected to trend around 7000000.00 ZAR Thousand in 2021 and 7300000.00 ZAR Thousand in 2022, according to our econometric models.