GoGlobal Properties‚ which listed on the Bermuda Stock Exchange last month‚ said on Monday its secondary listing — on the AltX — would be effective from Monday next week.

THE cost of capital for property funds has fallen significantly, due to the decline in bond and listed property yields that have accompanied falling interest rates, but by contrast, direct property prices have done little.

Although listed property was the best performing asset class in the South African market, giving investors 36% in total returns, the cooling off in returns is inevitable.

Property analysts on Wednesday criticised Redefine Properties’ planned acquisition of Fountainhead Property Trust’s R11bn portfolio, suggesting that Fountainhead’s unitholders might be short-changed.

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 South African listed property sector has been experiencing some price volatility because of uncertainty about interest rate movements

Listed property unit trust SA Corporate Real Estate Fund has come a long way in terms of market position from its previous incarnation as Martprop Property Fund.

More South African listed property companies and funds are expected to branch out overseas in the future, following similar moves in that direction by a number of local property companies, say property market analysts.

Sector more like equities than bonds.

The recent sell-off in South Africa's FTSE-JSE Listed Property Index (SAPY) presents a good opportunity for investors with long-term income needs to buy property stocks, and current holders of these stock holders should not be fearful, said Evan Robins, head of fixed income at BoE Private Clients.