It seems that appetite for UK property stocks is finally on the mend after a multiyear decline on the back of continuing Brexit uncertainty, a sluggish economy and weak retail spending. The London Stock Exchange’s real estate sector has delivered a total return of 15.4% (in rand terms) year to date, pipping other global regions to the post, according to the latest figures from Anchor Stockbrokers. The next best performer was the US with 15.1%, followed by Europe (9.6%) and Australia (8.5%). SA property stocks have had a total return of only 5.3% year to date. Despite the recent uptick in UK-listed property prices, many are still trading at discounts to NAV of 20%-plus, which raises the question: should SA investors start increasing their allocations to the region? The JSE offers 10 or so property counters that offer partial or 100% exposure to the UK. These include Capital & Counties Properties, Intu Properties, Hammerson, RDI Reit, Tradehold, Stenprop, Atlantic Leaf Properties and ...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.