South Africa's listed property sector delivers double digit growth
South Africa's REIT Association released data showing that investors in the listed property sector benefited from a 14.4 per cent jump in returns in the past year. For more on future growth prospects, CNBC Africa is joined by Laurence Rapp, SA REIT Association Investor Committee and CEO of Vukile Property Fund.
Thu, 29 Aug 2024 10:57:03 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- The resilience and strong fundamentals of the property sector have fueled the 14.4% increase in returns, despite the challenging economic conditions brought about by COVID-19 and other disruptions.
- The macroeconomic tailwinds, including potential interest rate cuts and improved economic outlook, are driving optimism and attracting more investors to the real estate sector.
- Investors are advised to look beyond the corporate level of REITs and understand the underlying properties to make informed long-term investment decisions, considering the upcoming rate cuts and government investments.
South Africa's REIT Association recently released data that revealed investors in the listed property sector enjoyed a substantial 14.4% increase in returns over the past year. This growth has sparked interest and optimism about the future potential of the sector. Laurence Rapp, the SA REIT Association Investor Committee member and Vukile Property Fund CEO, joined CNBC Africa to discuss the factors behind the sector's success and its outlook moving forward. Rapp highlighted key elements that have contributed to the sector's performance and shared insights on where the opportunities and risks lie for investors. The interview delved into the sector's resilience through challenging times, the impact of macroeconomic trends, and the importance of understanding the properties underlying the REITs for long-term investment success. Here's a detailed look at the conversation and its implications for investors and the real estate market in South Africa.
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