Category: Real Estate

Tags: south africa construction market research report, construction market outlook, construction market trends, construction market forecast, construction market segment, construction market by product, construction market by region

According to research report, the construction industry in South Africa is expected to record a CAGR of 6.1% to reach ZAR 286.6 billion by 2023. The residential construction industry in value terms increased at a CAGR of 1.6% during 2014-2018. The commercial building construction market in value terms is expected to record a CAGR of 4.2% over the forecast period. The infrastructure construction was estimated to be ZAR 137.5 billion in 2018, posting a CAGR of -2.4% during review period.