Real value of building plans passed increases 0.8% y/y in January to July 2014

The real value of recorded building plans passed (at constant 2010 prices) increased by 0.8% (R349.4m) year on year during January to July 2014.

An increase was recorded for residential buildings (6% or R1.1bn).

The real value of buildings reported as completed (at constant 2010 prices) decreased by 13.1% (R3.5bn) year on year during January to July 2014.

Decreases were reported for additions and alterations (33.6% or R2.3bn)‚ nonresidential buildings (8.5% or R612m) and residential buildings (4.6% or R588m).

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