The present spate of consolidation and corporate activity in the listed property sector is likely to continue in the current market, with listed property companies struggling to find suitable direct property and unlisted property acquisitions that are financially viable
Another big property deal has fallen through because of listed property price volatility and the caution of the banking industry, which is tightening funding requirements or increasing funding margins.
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
Offshore Investors are finally starting to buy South African listed property's growth story as the R100bn sector begins to offer the size and liquidity required by overseas asset managers
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
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