Value of finished buildings up 5,4%
2008-10-17 · Research and Statistics
The total value of buildings reported as completed at current prices to larger municipalities during January to August 2008 increased by 5,4% (R1,610,200) compared with January to August 2007, figures released on Wednesday by Statistics South Africa show.
Increases were reported for non-residential buildings (24,9% or R1,429,800) and additions and alterations (22,4% or R1,158,200). A decrease of 5,1% (-R977,8m) was reported for residential buildings during this period.
Seven provinces reported increases in the value of buildings completed.
The largest contributor to the increase of 5,4% was Gauteng (3,7 percentage points or R1,110,600), followed by Western Cape (1,2 percentage points or R347,6m) and Eastern Cape (0,5 of a percentage point or R160,7m).
The real value of buildings reported as completed to larger municipalities (at constant 2000 prices) during January to August 2008 decreased by 4,2% (-R810,9m) compared with January to August 2007.
A decrease in the real value of buildings completed was reported for residential buildings (-13,6% or -R1,610,700).
However, this decrease was to a certain extent counteracted by increases reported for non-residential buildings (12% or R467,5m) and additions and alterations (9,9% or R332,3m).
The seasonally adjusted real value of buildings reported as completed to larger municipalities during the three months ending August 2008 increased by 9,2% compared with the three months ending May 2008.
This was mainly due to increases reported for non-residential buildings (36,5%) and additions and alterations (6,2%). A decrease of 0,2% was reported for residential buildings.
Increases were reported for non-residential buildings (24,9% or R1,429,800) and additions and alterations (22,4% or R1,158,200). A decrease of 5,1% (-R977,8m) was reported for residential buildings during this period.
Seven provinces reported increases in the value of buildings completed.
The largest contributor to the increase of 5,4% was Gauteng (3,7 percentage points or R1,110,600), followed by Western Cape (1,2 percentage points or R347,6m) and Eastern Cape (0,5 of a percentage point or R160,7m).
The real value of buildings reported as completed to larger municipalities (at constant 2000 prices) during January to August 2008 decreased by 4,2% (-R810,9m) compared with January to August 2007.
A decrease in the real value of buildings completed was reported for residential buildings (-13,6% or -R1,610,700).
However, this decrease was to a certain extent counteracted by increases reported for non-residential buildings (12% or R467,5m) and additions and alterations (9,9% or R332,3m).
The seasonally adjusted real value of buildings reported as completed to larger municipalities during the three months ending August 2008 increased by 9,2% compared with the three months ending May 2008.
This was mainly due to increases reported for non-residential buildings (36,5%) and additions and alterations (6,2%). A decrease of 0,2% was reported for residential buildings.
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