The value of recorded building plans passed in South Africa's larger municipalities slipped by 18% from a year ago to ZAR 9.1 million in March 2023, following an upwardly revised 12.7% rise in the prior month. Building plans declined sharply for non-residential buildings (-52.5% vs 12.6%in February), and, to a lesser extent, for the residential segment (-4% vs 15.1%) and additions & alterations (-0.2% vs 8.2%). source: Statistics South Africa
Building Permits in South Africa averaged 3920684.61 ZAR Thousand from 1981 until 2023, reaching an all time high of 12056212.00 ZAR Thousand in November of 2022 and a record low of 218553.00 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 June of 2023.
Building Permits in South Africa is expected to be 9850000.00 ZAR Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Building Plans Passed is projected to trend around 10100000.00 ZAR Thousand in 2024 and 9950000.00 ZAR Thousand in 2025, according to our econometric models.