Well-established property counters have posted strong annual results over the past few weeks.

Listed property share prices rally about 5% over the past two weeks, on better than expected results reported by real estate counters this month.

Nepi completes another oversubscribed book build as it raises equity of about R1.14bn to finance projects in Romania where it owns shopping malls.

Capital Property Fund's strategy to increase its exposure to rand hedge sister companies New Europe Property Investments and Rockcastle Global Real Estate Company continues to pay off.

Rockcastle Global Real Estate reports a nine-month headline earnings per share of 9.22 US cents to the end of March from 28 US cents.

Rockcastle Global Real Estate says its African operations is on track‚ as it released financial results for the nine months to March.

These rand hedge property counters‚ which receive 100% of their earnings in either US dollars‚ British pounds‚ euro or Australian dollars‚ were some of the JSE's biggest money-spinners over the past year.

Rockcastle reports a headline loss of 1.65 US cents in the six months ended December 31 from a profit of 13.79 US cents a year earlier.

South African investors are likely to make more money in offshore property markets next year than in their own backyards.

JSE's R249bn listed property sector delivers a muted 7.3% total return for the first 11 months of this year, some way off the 17.92% achieved by the All Share index over the same time.