On the 21st January 2008 the SA listed property index closed 6.5% down on the day, resulting in the SA Listed Property Index (J253), reaching January 2007 levels. This was the largest daily price fall since the inception of the SAPY. The downturn of the property market should not be looked at in isolation. The equity markets in general have come
under pressure since the middle of November 2007.
Publisher: eProp
Source: Catalyst
Domestic Listed Property Monthly Report February 2008
Posted On Thursday, 14 February 2008 02:00 Published by eProperty News
The SA Listed Property Index (J253) recorded a total return of -11.19% in January 2008. The PLS Index (J256) and PUT Index (J255) recorded total returns of -10.61% and -12.57% respectively over the same period.
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