With share prices of property stocks down around 15% over the past month, the income yields available on some counters have now breached 10%
The listed property sector’s underlying fundamentals still point to listed property as a solid investment, despite uncertainty on inflation and interest rates. Analysts expect at least double-digit growth for next year.
Despite higher interest rates and global credit fears, 2007 is turning out to be yet another bumper year for listed property investors - both in terms of income and capital growth
The latest round of results from listed property funds confirm that the sector has more than delivered on its earnings growth promises
Property listings have dried up in the past year in the rising interest rate environment and analysts are not expecting to see any in the foreseeable future
Listed sister property companies Pangbourne Properties, iFour Properties, Siyathenga Property Fund and Monyetla Pro-perty Fund have created significant cost savings for themselves by concluding SA's first multiborrower, commercial mortgage-backed securitisation transaction.
Listed Property in South Africa is finding its way on to the buying lists of leading international pension fund/asset managers now that the sector is starting to offer the size and liquidity required by offshore investors
Investec Property Group is being showered with praise for moving its external management of Growthpoint into the listed property fund
Punters shouldn't expect much in the way of short-term share price growth. Analysts say Vukile is starting to look expensive relative to its peers, with its share price already up 50% over the past eight months

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