SA's listed property sector, which has been booming for more than three years, pulled back a little last month, posting a slightly negative total return of -0,79%, said Catalyst Fund Managers.

The exchange now requires external management companies that manage property funds be 'explicitly defined' as related parties

Listed property unit trust Emira Property Fund reported solid June year-end results with a 15,9% increase in distributions on an annualised basis.

Blue-chip listed property loan stock company Hyprop Investments is forecasting distribution growth of 12% for this year on the back of a buoyant retail property sector.

The South African listed property sector could experience modest capital growth in the next year if interest rates remain stable.

The Bottom Line: Hyprop’s position

Investors in the listed property sector can expect lower, more stable total returns of 13% in 2005 - says First South Securities property analyst Leon Allison