South Africa’s All Property capitalisation rate remained stable at 8.4% for the 12^th 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 50^th 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 benchmarks.

For more detailed information on the SAPOA Valuations Report, download a free copy of the latest report here (free to SAPOA members only).

How to access SAPOA’s reports:

• Visit www.sapoa.org.za.
• Login/register on SAPOA Members
• Click on ‘Reports’
• Click on ‘Free Reports’
• Click on ‘SA Property Trends Report’

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