Building plans value on the rise
The value of recorded building plans increased by 0.8% during January to April 2012 compared with the same period a year ago‚ according to the latest Statistics SA data.
The biggest increase was reported for residential buildings‚ followed by additions and alterations. This is in contrast with the non-residential buildings‚ which dropped 8.4% in the review period. The Western Cape and North West were the biggest contributors in the value of building plans passed.
The value of buildings reported as completed increased by 7.6% compared with the same time a year earlier. Non-residential buildings accounted for 24.9% and residential buildings 9.4% but additions and alterations declined 9.2%‚ according to the data.
The biggest increase in the value of buildings completed was in Gauteng‚ followed by Mpumalanga and North West. The largest decrease was in KwaZulu-Natal.
