SAPOA: SA’s All Property cap rate remained stable in FY24 – Property Wheel

SAPOA: SA’s All Property cap rate remained stable in FY24 – Property Wheel

South Africa’s All Property capitalisation rate remained stable at 8.4% for the 12 months to December 2024 despite a sharp rise in long-term bond yields to 9.5% according to SAPOA’s Valuations Report for FY2024. At the 50th percentile, the All Property cap rate was 9.8% based on MSCI’s tracking of independently valued assets with the yield gap suggesting that commercial property remains relatively expensive compared to medium-term risk-free benc…