The value of recorded building plans passed in South Africa advanced at a record 559.4% from a year earlier in May of 2021, after an upwardly revised 362.6% grow in the previous month, due to an increase in building plans for all segments: residential buildings (616.8% vs 518.9% in April); non-residential buildings (585.7% vs 177.4%); and additions & alterations(442.0% vs 382.8%). source: Statistics South Africa
Building Permits in South Africa averaged 3670827.03 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 July of 2021.
Building Permits in South Africa is expected to be 8250000.00 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 8300000.00 in 12 months time. In the long-term, the South Africa Building Plans Passed is projected to trend around 8500000.00 ZAR Thousand in 2022 and 7800000.00 ZAR Thousand in 2023, according to our econometric models.