More residential building plans passed

The South African value of recorded building plans (at current prices) increased by 3.8 percent (R947.5 million) during January to May 2012. 

According to Statistics South Africa (Stats SA) report, this figure is high compared to the same period last year and the biggest increase was reported for residential buildings (8.7 percent or R960.4 million), followed by additions and alterations (2.9 percent or R233.3 million), as opposed to a decrease reported for non-residential buildings (-4.1 percent or -R246.1 million).

Seven provinces reported year-on-year (y/y) increases in the value of building plans passed during January to May 2012.


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SOURCE: Property24



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