Listed Property sector needs further interest rate cuts and economic reform to reclaim historic highs

Despite a recent rebound in listed property shares following the formation of the Government of National Unity (GNU), the sector is still in somewhat of a holding phase presently. However, more important than positive sentiment around the GNU, is the requirement of further interest rate cuts and actual improvements in domestic economic growth to drive the sector to further gains. If these factors continue on a positive trajectory, we could see the sector’s total return finally exceeding its historic high.