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South Africa's building statistics
Date: 31 August 2018 Category: Economics |
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We take a look at the building statistics report published by Statistics South Africa. It covers building plans passed as well as the total value of buildings completed per building type:
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So which building type contributed the most to total value of buildings completed?
The image below shows the total value of buildings completed, broken down by various residential building types, non residential types and then lastly additions and alterations.
In 2016, Residential buildings made up 57.66% of total value of buildings completed, down from 58.1% in 2016. Non residential buildings contributed 24.7% of total value of buildings completed in 2016, down from 25.3% in 2015. So both residential and non residential buildings contribution to total value of buildings completed declined during 2016. Which can only mean one thing, the contribution of additions and alterations increased over this time period. In 2015, additions and alterations made up 16.6% of total value of buildings completed. In 2016 this increased to 17.57% of the total. Clearly a sign that individuals and businesses are tending more towards renovating and altering their current homes or businesses instead of building new ones. A clear sign that economic times are tough.
Interesting note on residential buildings is the decline in the value of houses built from 2015 to 2016, with it declining -1.3%, while the value of flats and townhouses completed during 2016 was 26.3% higher than in 2015. Showing the strong demand for flats and townhouses. Other residential buildings also showed a strong increase in the total value of buildings completed with it increasing by 18% compared to 2015. The image below shows the total value of completed buildings in 2015 and 2016 per province.
Interesting note on residential buildings is the decline in the value of houses built from 2015 to 2016, with it declining -1.3%, while the value of flats and townhouses completed during 2016 was 26.3% higher than in 2015. Showing the strong demand for flats and townhouses. Other residential buildings also showed a strong increase in the total value of buildings completed with it increasing by 18% compared to 2015. The image below shows the total value of completed buildings in 2015 and 2016 per province.
No real surprise that Gauteng makes up the biggest chunk of value of buildings passed. In 2015, Gauteng made up 35.2% of the total value of completed buildings, while in 2016 this percentage was sitting at 37.2%. The continued demand for housing in Gauteng due to migration from other provinces into Gauteng (as people continue to look for employment in South Africa's economic hub) is the main reason fro Gauteng's continued dominance in the total value of completed buildings. And to put this into perspective, while Gauteng makes up more than one third of the total value of buildings completed, it is the most populis province in South Africa, see our population density map, yet it is by far the smallest province in South Africa in terms of land size. Which means the province's population density keeps increasing and the demand on the current infrastructure and the need for additional infrasturcture such as roads, electricity, public transport, schools, running water, safety and security, healthcare etc. keeps increasing. The province is bursting at the seems.