Although data shows the direct property sector delivered an improved 9.2% return for the first 6 months of this year, industry pundits expect price weakness in the listed sector.

About R34bn has been wiped off the local listed property sector’s market capitalisation since the middle of last month, which, analysts say, will make many property deals less viable than before.

Redefine Properties linked unit price rallied 3.7% to close at R11.20 on Thursday after the company reported growth of 7% in distributions to 33.7c per linked unit for the six months to the end of February.

Please publish modules in offcanvas position.