Local Reits achieve double-digit growth for second consecutive year

The FTSE/JSE South African Listed Property Index (Sapy) achieved total returns of 17.2% in 2017, building on its performance of returns of 10.2% in 2016, to deliver double-digit growth to investors for the second year in a row. Last year, listed property outshone cash, which delivered returns of 7.52% and South African bonds at 10.19%, and came in hot on the heels of equities at 20.9%. Research from bridge fund managers shows that, within the overall listed property universe, local real estate …