Rteurns in the South African property investment sector hit the lowest level since 2009 after falling from 13% in 2015 to 11.1% in 2016, a 190 basis point decline, the latest IPD South Africa Annual Property Index shows. NYSE-listed MSCI, which compiled the report, noted this week that “it was hardly” surprising, as commercial property returns closely track the general economy; however, the sector has delivered consistently since the inception of the index in 1995.
Source: www.engineeringnews.co.za
South Africa’s property investment sector returns dropped to 11.1% in 2016
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