Moneyweb: Why have listed property stocks faltered?

Listed property, a front-runner asset class on the JSE in recent years, has emerged as a laggard on the back of growing volatility in share prices. The SA Listed Property Index, which makes up the JSE’s 20 largest real estate stocks, has barely kept up with the total returns posted by ten-year government bonds, the JSE All Share index and cash over the past six and 12 months. The sell down in property stocks is not entirely surprising given the large swings in the rand exchange rate and bond yields, which have been impacted by the worrying state of the economy and increasing political uncertainty.

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