Construction & Engineering news

Subscribe to industry newsletters

Bizcommunity has over 400 industry contributors and we always welcome further contributions and contributors.
Advertise with us
Advertise & RatesMy Account
Company press officeList company
Recruitment packagesSubmit job ad
Download ratecard
Construction & Engineering news

Building plans up 2,5%

14 Dec 2012 08:49
The real value of building plans passed (at constant 2010 prices) increased year-on-year by 2.3% to R1,192.9m between January and October this year.
The biggest increase was reported for residential buildings (5.2% or R1.2bn)‚ followed by additions and alterations (2.7% or R445.6m).

The decrease reported for non-residential buildings of 3.5% or R453.6m counter-acted the increases.

The seasonally adjusted real value of recorded building plans passed increased by 6.7% in the three months ended October 2012 compared with the previous three months.

The biggest increase was reported for residential buildings, up 10.2%‚ followed by non-residential buildings, up 8.5% and additions and alterations up 0.7%.

The value of buildings completed (at current prices) increased by 4.0% (R1‚405.9m) between January and October.

Increases were reported for non-residential buildings, which were up 12.4% or R1.049bn and residential buildings that were 7.3% higher and worth R1‚253.6m‚ while a decrease was reported for additions and alterations, which fell by 9.4% or R896.8m for the period.

Six provinces reported year-on-year increases in the value of buildings completed during January to October 2012.

The year-on-year increase was dominated by Gauteng (contributing 5.5 percentage points or R1‚925.8m). A large decrease was reported in KwaZulu-Natal (contributing -2.8 percentage points or -R984.9m).

The real value of buildings completed (at constant 2010 prices) decreased year-on-year by 1.1% (-R378.6m) between January and October.

A large decrease was reported for additions and alterations (-13.7% or -R1‚313.3m)‚ while increases were reported for non-residential buildings (8.1% or R700.8m) and residential buildings (1.4% or R233.9m) during the period.


SOURCE

I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
    
 
LEGAL DISCLAIMER: This Message Board accepts no liability of legal consequences that arise from the Message Boards (e.g. defamation, slander, or other such crimes). All posted messages are the sole property of their respective authors. The maintainer does retain the right to remove any message posts for whatever reasons. People that post messages to this forum are not to libel/slander nor in any other way depict a company, entity, individual(s), or service in a false light; should they do so, the legal consequences are theirs alone. Bizcommunity.com will disclose authors' IP addresses to authorities if compelled to do so by a court of law.

News