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Value of building plans up

March 19 2013 at 04:52pm
By SAPA

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Filomena Scalise

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Johannesburg - The value of recorded building plans passed by municipalities at current prices increased annually by 40.6 percent (R1.71 billion) in January 2013, Statistics SA said on Tuesday.

The non-residential buildings category was mainly responsible for the increase in building plans passed, with growth of 209.5

percent or R1.53bn.

Four provinces reported year-on-year increases in the value of building plans passed in January 2013.

The increase was dominated by Gauteng, which contributed 40

percentage points or R1.68bn, then KwaZulu-Natal at 6.5 percent (R274.7m), Mpumalanga at 3.4 percent (R144.4m), and North West at 1.2 percent (R51.5m), Stats SA said.

The Western Cape, Eastern Cape, Northern Cape and Limpopo all recorded an annual decline in the value of building plans passed.

In the Western Cape, there was a year-on-year decline of 2.8

percent, in the Eastern Cape 1.8 percent, Northern Cape 1.7 percent and Limpopo 0.9 percent.

Stats SA said the real value of recorded building plans passed at constant 2010 prices rose year-on-year by 33 percent (R1.3bn) in January 2013, mainly due to an increase in non-residential buildings (192.8 percent or R1.3bn).

The seasonally adjusted real value of recorded building plans passed increased by 9.1 percent during the three months ended January 2013, compared with the previous three months. - Sapa


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