The value of recorded building plans passed in South Africa fell 37.1 percent year-on-year to ZAR 6.4 million in August of 2020, following an upwardly revised 53.5 percent slump in July and an 83.7 percent plunge reported in May. Still, it was the smallest decrease in building permits in the current five-month sequence, led by the residential segment (-28.1 percent vs -53.5 percent in July) and additions and alterations (-20.3 percent vs -55.7 percent). Conversely, permits for non-residential buildings continued to decline (-68.6 percent vs -49.7 percent). source: Statistics South Africa
Building Permits in South Africa averaged 3576598.98 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 - values, historical data and charts - was last updated on October of 2020.
Building Permits in South Africa is expected to be 5300000.00 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 8000000.00 in 12 months time. In the long-term, the South Africa Building Plans Passed is projected to trend around 7000000.00 ZAR Thousand in 2021 and 7300000.00 ZAR Thousand in 2022, according to our econometric models.