The value of recorded building plans passed in South Africa went down 0.3 percent from a year earlier in December of 2020, following an upwardly revised 24.2 percent jump in the previous month. Declines in building plans for the non-residential segment (-56.3 percent vs 149.4 percent) and additions and alterations (-0.4 percent vs -15.9 percent) more than offset an increase in those for the residential segment (42.3 percent vs 20.5 percent). Considering the full year of 2020, building plans slumped 32.2 percent over a year earlier. source: Statistics South Africa
Building Permits in South Africa averaged 3615352.01 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 - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Building Permits in South Africa is expected to be 6400000.00 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 7000000.00 in 12 months time. In the long-term, the South Africa Building Plans Passed is projected to trend around 7300000.00 ZAR Thousand in 2022, according to our econometric models.