The value of recorded building plans passed in South Africa jumped 20.6 percent from a year earlier in November of 2020, following a downwardly revised 17.1 percent fall in the previous month. It was the first rise in building plans passed after seven straight months of decreases, driven by the non-residential segment (149.1 percent vs -47.1 percent in October) and the residential one (15.5 percent vs -6.2 percent). In contrast, permits for additions and alterations continued to fall (-18.9 percent vs -10.1 percent). source: Statistics South Africa
Building Permits in South Africa averaged 3608406.10 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 January of 2021.
Building Permits in South Africa is expected to be 6400000.00 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 7000000.00 in 12 months time. In the long-term, the South Africa Building Plans Passed is projected to trend around 7300000.00 ZAR Thousand in 2022, according to our econometric models.