South Africa’s listed property sector finished the week ended 11 October 2013 largely unchanged despite a stronger Rand and lower bond yields.
Close relationship between the yields of nominal bonds and listed property is not entirely warranted given the equity attributes of listed property, some analysts say.
South Africa’s listed property sector soared 5% during the week ending 13 September 2013, significantly outperforming both the equity and bond markets.
THE South African listed property sector continues to grow in leaps and bounds, with four new property companies expected to list on the JSE before the end of this year.
South Africa’s listed property sector continued to recover, with it gaining 3.1% during the week ended 19 July 2013.
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.
South Africa’s listed property sector surged 8.2% during the week that ended on 28 June 2013, on the back of lower bond yields, a stronger Rand and some 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.
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