Key findings: P5041.3 - Selected building statistics of the private sector as reported by local government institutions, 2023

The value of building plans passed by larger municipalities (at current prices) decreased by 13,9% (-R16 390,7 million) in 2023 compared with 2022. Decreases were reported for residential buildings (-19,1% or -R11 908,9 million), additions and alterations (-10,7% or -R3 540,5 million) and non-residential buildings (-4,2% or -R941,3 million).

The value of buildings reported as completed (at current prices) decreased by 13,9% (-R9 414,4 million) in 2023 compared with 2022. Decreases were reported for additions and alterations (-39,6% or -R6 289,4 million), non-residential buildings (-8,9% or -R1 306,9 million) and residential buildings (-4,9% or -R1 818,1 million).