26.03.2013 - South African property sector records positive returns amidst wider market turmoil
The South African property sector delivered an improved 15.2% total return in 2012, the highest return on property since pre-recession levels according to the SAPOA / IPD South Africa Property Index report. The 15.2% total return represents a marked upturn over the 10.3% generated by the sector in 2011. Income return was relatively steady at 8.9%, while the uplift was provided by a 5.8% capital growth. Property, however, still underperformed against both equities at 20.6% (MSCI South Africa Equities) and bonds at 18.2% (JP Morgan 7-10 Year South Africa Government Bond Index). ..............................................Full Article: Source
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