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THE FINANCE GHOST: Listed property – a ‘solid’ sector?

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Owners of shopping malls will breathe easier now the mask mandate has been scrapped

The property sector put in a great performance in 2021, admittedly off an awful base. If you bought STXPRO, the Satrix property exchange traded fund , at the start of 2021 you would have gained more than 30% in value at the end of 12 months. Sadly, a nasty drop since then means you would now be less than 10% up from your entry price.

That ETF is now trading about 40% lower than at the start of 2020, before the pandemic broke the property sector. Expressed differently, it would take a 66% gain to get back to those levels. This is either a heartbreak or an opportunity, depending on when you entered a position in this sector ...

 

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