The value of recorded building plans passed in South Africa plummeted 77.6 percent year-on-year to ZAR 2.0 million in April of 2020, following a 1 percent decrease in the prior month, mainly due to the nationwide lockdown which halted non-essential activities. Permits declined in all categories: residential buildings (-81.1 percent vs 5.3 percent in March); non-residential buildings (-65.1 percent vs -19.5 percent) and additions & alterations (-82.1 percent vs 7 percent). On a seasonally adjusted monthly basis, building permits slumped 76.5 percent, after rising 1.6 percent in the previous month.
Building Permits in South Africa averaged 3570091.99 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 August of 2020. source: Statistics South Africa
Building Permits in South Africa is expected to be 6700000.00 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 8150000.00 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.