The value of recorded building plans passed in South Africa larger municipalities slipped 3.7% from a year ago to ZAR 9.36 million in November of 2021, after a downwardly revised 3.3% rise in October. It was the first decline since January, due to fading low-base effects from the previous year. A slump in permits for non-residential buildings (-47.2% vs -25% in October) more than offset increases in residential buildings (4.7% vs -1.3%) and additions & alterations (27% vs 28.3%). source: Statistics South Africa
Building Permits in South Africa averaged 3738202.63 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 January of 2022.
Building Permits in South Africa is expected to be 9700000.00 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 9400000.00 ZAR Thousand in 2023 and 9800000.00 ZAR Thousand in 2024, according to our econometric models.