Go to
news list
news list
International property /
Foreign property news /
Housing construction declines in South Africa
Housing construction declines in South Africa
March 24, 2010The total value of residential properties built over January has plummeted by 43%, year-on-year.
The overall value of homes, building permits for which were issued in January, has decreased by 12.1%, reports with reference to the data provided by Absa bank.
Over the specified period, the number of residential properties built and planned for construction has plummeted by 55.1% and 52.6%, respectively.
Experts do not expect a significant change in these dynamics in a short term.
| Type of Housing | Change in the number of properties (01.2009 - 01.2010), % | |
| Built | Planned for construction | |
| Homes (up to 80 sq. m.) | -34.5 | -73.7 |
| Homes (over 80 sq. m.) | -32.2 | -7.3 |
| Flats & Townhouses | -79.4 | -41.5 |
| SURVEY |
CURRENTLY LISTED
20016 properties
for sale or rent
in 60 countries
from 483 companies
and property owners
for sale or rent
in 60 countries
from 483 companies
and property owners
Jump to
a Specific Country
Special Offers
 |
1 200 000 €
Italy. Prestigious apartments in villa ADA! |
