A UK market has put pressure on Liberty International, with the property group reporting no growth in its dividends for six months to June.

The South African listed property sector has recovered 14,2% of its value since it bottomed out on July 3.

The listed property sector has recovered about 6,4% of its value on the back of a strengthening bond market.

The pendulum seems to be swinging back towards the sector through there could still be further price depreciation.

Physical commercial property market has not weakened as much as the listed property sector.

Rising interest rates continue to batter the listed property market, with the sector having now lost about 30% of its value since its peak in November.

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.

The Madison stable of listed property companies, including Madison itself, all issued cautionary announcements yesterday indicating they were considering a proposal that could see them merge into a single property fund.

In spite of double-digit distribution growth, the South African listed property sector has lost 24% of its value since November

Merger and takeover activity in South Africa's listed property market is expected to hot up considerably over the next few months as dominant players vie more aggressively than ever for a slice of the JSE's R105bn real estate sector