South Africa’s listed property sector continued to recover, with it gaining 3.1% during the week ended 19 July 2013. 

Tower Property Fund receives good investor support for its capital raise prior to the fund’s listing on the JSE today.

Wednesday, 17 July 2013 12:29

Slow growth weighs on office property

Weighed down by pedestrian economic growth, the office market continues to be the laggard of South Africa’s commercial property market, while the industrial sector is "in equilibrium" and retail property continues to perform well.

South Africa’s listed property sector declined by 3.4% during the week that ended on 5 July 2013 on the back of higher global bond yields, a weaker Rand and the unwind of June’s quarter-end window dressing. 

Interest rate sensitive securities like listed property were also sold off aggressively by investors who were worried that bond yields would rise further. 

Thursday, 13 June 2013 19:00

Listed Property sector bounces back

South Africa’s listed property sector bounced back during the week ending 7 June 2013, despite a further increase in long bond yields. 

South Africa’s listed property sector continued its slide during the week ending 31 May 2013, as the Rand breached R10/US$ and bond yields moved sharply higher. 

South Africa’s listed property sector finally succumbed to a weaker Rand, higher bond yields and ‘private placement fatigue’ during the week ending 24 May 2013.

Despite further Rand weakness and rising long bond yields, South Africa’s listed property sector gained 1.2% during the week ended 17 May 2013. 

South Africa’s listed property sector advanced 0.5% during the week ending 10 May 2013, as bond yields drifted higher and the Rand weakened against the US dollar. 

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