MSCI Inc. (NYSE: MSCI), a leading provider of investment decision support tools worldwide, including indexes, portfolio risk and performance analytics and ESG research, has released the IPD South Africa Annual Property Index, which shows the South African property investment sector delivered an ungeared total return of 11.1% in 2016. This reflects a 190bp decline from 13.0% in 2015 and the lowest recorded total return since 2009.
Robin Lockhart-Ross, Managing Executive, Nedbank CIB Property Finance said, “The index results show that the performance of the South African property investment sector continues to hold up well despite the prevailing low GDP growth environment. Although, at 11.1%, the total return decreased from 13.0% in 2015, this is hardly surprising in that commercial property returns will over time closely track the general economy.
For the full press release click here or view below.South Africa Annual - PR - Apr 2017
Click here to read the official report.