SA property investors find value in 25 countries
South African property stocks’ offshore exposure has more or less doubled since 2014
The South African listed-property sector has seen a dramatic shift offshore with about 46% of its value in overseas markets, including eastern and western Europe. South African property stocks’ offshore exposure has more or less doubled since 2014 as investors have diversified their risk and sought better growth opportunities. The South African listed-property sector is now worth about R500bn and is exposed to 25 countries, most recently Spain, according to Keillen Ndlovu, head of listed-property funds at Stanlib. "The exposure to these 25 countries now makes up almost 50% of the South African listed-property sector. Therefore it has become a very diversified sector with most of the exposure in eastern Europe," Ndlovu said. Much of this offshore exposure was in new and relatively untested markets. This meant fund managers had to learn quickly to perform in highly competitive arenas, he said. About 54.3% of all property companies listed on the JSE are based in SA. Research by Avior s...
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