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THE FINANCE GHOST: Property sneaks the win in a close finish

^{Published on 2024-12-19 18:01:06 - businesslive.co.za}
 

• Heck, even office properties were showing some signs of life, with very few people still able to work from home. The sheer amount of traffic on the road suggested that people were moving around, which means they were going from home to somewhere else
• and you can invest in "somewhere else" by buying real estate investment trusts (Reits). ..

The article from BusinessLive discusses the performance of various sectors in the South African stock market, focusing on the property sector's unexpected resilience. Despite a challenging economic environment characterized by high interest rates and political uncertainty, the property sector managed to outperform expectations. The article highlights how property stocks, often seen as underdogs, have shown significant gains, particularly in the last quarter of 2024. This performance is attributed to several factors including a recovery in rental income, strategic asset management, and a shift in investor sentiment towards more defensive assets. The piece also touches on the broader market dynamics, noting that while sectors like mining and retail faced headwinds, property companies like Growthpoint and Redefine Properties benefited from a combination of operational improvements and market conditions favoring real estate investments.

Read the Full businesslive.co.za Article at:
[ https://www.businesslive.co.za/fm/money-and-investing/2024-12-19-the-finance-ghost-property-sneaks-the-win-in-a-close-finish/ ]

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