SA’s All Property capitalisation rate edged down 20 basis points to 8.2% during the six months to June 2025 – in line with stable bond yields according to SAPOA’s Property Valuations Report for H1 2025.

At the 50^th percentile, the All Property cap rate was 9.9% according to the MSCI SA Bi-Annual Property Index which tracked 1 639 assets worth R394 billion in June 2025.

For more detailed information on the SAPOA H1 2025 Valuations Report, download a free copy of the latest report here (free to SAPOA members only).

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