The value of recorded building plans passed in South Africa surged 21.9 percent from a year earlier in February of 2021, following an upwardly revised 6.6 percent slump in the previous month. Increases were seen in building plans for both the non-residential (48.3 percent vs -71.1 percent in January) and the residential (19.8 percent vs 28.7 percent in January) segments, as well as for additions & alterations (6 percent vs -9.6 percent). source: Statistics South Africa
Building Permits in South Africa averaged 3635085.23 ZAR Thousand from 1981 until 2021, 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 May of 2021.
Building Permits in South Africa is expected to be 4800000.00 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 6700000.00 in 12 months time. In the long-term, the South Africa Building Plans Passed is projected to trend around 7200000.00 ZAR Thousand in 2022 and 7300000.00 ZAR Thousand in 2023, according to our econometric models.