The value of recorded building plans passed in South Africa declined 13.4 percent year-on-year to ZAR 6.6 million in December 2019, following a downwardly revised 31.9 percent slump in the previous month, as residential buildings permits fell further (-42 percent vs -29.7 percent in November). In contrast, there were increases in those of non-residential buildings (60.7 percent vs -67.7 percent) and additions & alterations (5.9 percent vs 6 percent). On a seasonally adjusted monthly basis, building plans passed went up 0.4 percent, following a downwardly revised 18.9 percent decline in the previous month. Considering the full year of 2019, building permits plummeted 9 percent, after increasing 2.6 percent in the previous year.
Building Permits in South Africa averaged 3546516.24 ZAR Thousand from 1981 until 2019, 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. source: Statistics South Africa
Building Permits in South Africa is expected to be 8740000.00 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 9500000.00 in 12 months time. In the long-term, the South Africa Building Plans Passed is projected to trend around 9600000.00 ZAR Thousand in 2021, according to our econometric models.