SA’S LISTED property has recovered from being the worst performer last year, outperforming bonds, equities and cash year-to-date, and with rate-cut expectations is likely to benefit from further earnings growth, higher retail spending and share price up-side over time, according to an independent property analyst.
In recent months, the sector has seen a rally driven by the US Federal Reserve signalling an end to the rate hiking season, positive sentiment with the formation of the Government of National Unity (GNU), and the antici- pation of interest rate cuts in South Africa. “In global comparison, SA listed property outperformed other asset classes year-to-date thanks to their diversified portfolios, whereas globally, listed property with mostly specialised assets underperformed and delivered marginally positive returns of 2.9% in rand terms,” Keillen Ndlovu, an…