This de-rating of listed property yields has resulted in listed property recording a negative total return of 20.55% over the past six months. The two main drivers of this de-rating have been the combination of the weakening in bond yields and an increase in the risk premium applied to all asset classes. The R157 bond yield weakened by 1.45% from 8.05% to 9.50% over the same period....
Publisher: eProp
Source: Catalyst