Spear: why the property stock is worth a stab
The Western Cape-based company, one of the few local Reits that are still achieving dividend growth, offers easy access to the Mother City’s real estate rise and rise
It’s no secret that Cape Town has grown its status as a property and tourism hotspot in leaps and bounds in recent years. The Mother City has effectively decoupled itself from the rest of the country’s stagnating property markets on the back of semigration and the post-pandemic rebound in leisure travel.
The trend has already provided a significant underpin for house price growth, with the city now well ahead of other metros. ..
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