Recorded building plans passed at constant 2005 prices in South Africa during 2009 are minus 21,7% year-on-year (y/y) from minus 5,8% for 2008, Statistics SA reported on Wednesday.
The data showed that the value of recorded building plans passed by larger municipalities during 2009 decreased by 21,7% (-R17,265m) compared with 2008.
The largest decrease was reported for residential buildings (-36,5% or -R14,077.3m), followed by non-residential buildings (-9,2% or -R1,709.3m) and additions and alterations (-6,5% or -R1,478.4m).
Eight provinces reported decreases in the value of building plans passed during 2009. The biggest contributors to the decrease of 21,7% were Gauteng (contributing –8,2 percentage points or -R6,576.3m), Western Cape (-5,8 percentage points or -R4,641.4m) and KwaZulu-Natal (-4,7 percentage points or -R3,779.3m).
Building completions were reported to be at minus 3,3% y/y during 2009, from 12,4 y/y in 2008.
The decrease of 3,3% (-R1,785m) in the value of buildings reported as completed during 2009 was due to a decrease reported for residential buildings of 18% (-R5,588.1m). However, growth was reported for additions and alterations (17,8% or R1,914.9m) and non-residential buildings (14,8% or R1,888.1m). – I-Net Bridge
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