|Home | Mail | Jobs | Area Profiles | Bizstay|
|News | Property | Business | Farms | Hotels | Land | Investment|
CT Seeing More Building Activity| News by Staff Reporter
Building activity in Cape Town picked up during the last quarter of 2011
According to the City of Cape Town there was an increase in the number of building plans passed during the last quarter of 2011 compared to the same period in 2010.
This included a 25% increase in the number of residential property plans passed and a 31% increase in plans for non-residential properties.
“The construction industry is a major employer in terms of labour and it is therefore encouraging to learn that the number of building plans passed by the City has increased when compared with the same period in 2010,” said Alderman Belinda Walker, the City’s Mayoral Committee Member for Economic, Environmental and Spatial Planning.
The non-residential properties included 63 plans for shopping space, 14 for industrial/warehousing and eight for offices.
Year-on-year, however, a slight decrease was recorded in the number of building plans passed during 2011. This can be attributed to a higher demand for construction during 2010 when South Africa hosted the World Cup.