Wednesday, April 28, 2010

Value Of Building Plans Passed For 2010.


The value of building plans passed by a number of larger municipalities during January and February 2010 declined by 4.7% to R8.4bn, compared with the same period last year according to Statistics SA.

The largest decrease was for non- residential buildings, which fell 26.4 % or R635million. The value of residential plans passed declined by 10% or R391.1million. The downturn was however somewhat softened by the growth for additions and alterations which rose 25% to R616million.

Based on the real value of building plans passed by larger Municipalities during 2005 and seasonally adjusted, peaked at R7billion at end of 2007, at end of December 2009 it declined to R2.9billion.

Pieter Rautenbach

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