THE FTSE/JSE South African listed property index (Sapy) has lost 9.48% of its value since the beginning of March, mainly because of the sell-off in bonds this year, given investors’ belief that the US will raise interest rates for the first time...
OUTH African listed property is unlikely to outperform general equities by as big a margin as in previous years — if at all — but there are still attractive opportunities in the sector.
THE fixed property market appears to be weakening, with the latest data from Investment Property Databank (IPD) SA showing that capital valuations have softened.
It implies the listed property sector, which has been outperforming other...
