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Builders hard at work in KZN as national demand slows

By unknown | Oct 16, 2008 | COMMENTS [ 0 ]

Robert Laing

Robert Laing

KwaZulu-Natal is the only province where the building boom is still in full steam.

The value of building plan applications passed in KZN jumped more than 29percent to nearly R11billion while South Africa's overall figure fell 3,6percent to R53,5billion.

This is in current rands for the year to August.

With inflation stripped out, the dive in building activity is an even more dramatic 15percent.

South Africa's building plans data released yesterday showed house builders are battling while office block and shopping centre construction firms are seeing business pick up.

The value of house building applications plunged 21percent to R20billion. But flats and townhouses bucked the trend by rising four percent to R9,8billion.

More offices and shopping centres are in the pipeline, with non-residential plans growing over 15percent to R12billion.

Gauteng, which accounts for nearly 44percent of the country's building activity, saw plans passed fall 8,3percent to R22billion.

The Northern Cape's building applications dived 36percent to R332million and the Eastern Cape's 34percent to less than R19billion.


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