Global Listed Property Up 12% Year-to-Date: What SA Investors Should Know
Moneyweb · 14 July 2026
TL;DR
Kundayi Munzara, founding director at Sesfikile Capital, shares his outlook on global listed property markets, highlighting opportunities across the US, UK, Europe, Singapore, and Australia. According to Munzara, global listed property has returned approximately 12% year-to-date in US dollar terms, a notable performance that is drawing renewed attention from South African investors seeking offshore exposure. The commentary touches on advanced real estate markets and the relative attractiveness of established property hubs, with Australia remaining a long-standing favourite among SA-based investors. The full interview was published on Moneyweb, though the detailed breakdown of sector and country allocations sits behind a paywall.
Our take
For South African investors — particularly those with offshore allowances or retirement fund exposure to global assets — a 12% year-to-date return in US dollar terms from listed property is worth paying attention to. When converted back to rands, currency depreciation can amplify these returns further, though it cuts both ways. Sesfikile Capital is a well-regarded local asset manager with a dedicated focus on listed real estate, so Munzara's views carry weight in the SA institutional and retail investment community. The markets highlighted — US, UK, Europe, Singapore, and Australia — each offer different risk profiles: the US is driven by data centres and logistics; the UK and Europe are recovering from rate pressure; Singapore benefits from its role as an Asian financial hub; and Australia has long offered SA investors familiar governance structures and rand-hedge appeal. SA-based landlords and buy-to-let investors comparing local yields against global alternatives should note that listed property funds offer liquidity that direct offshore property ownership does not. Speak to a licensed financial adviser before reallocating.
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This is Liivra's summary + take. The full story lives at Moneyweb.
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