Slowdown for listed property
The listed property sector will not be as lively next year as it has been, but investors will still reap rewards, according to an analysis.
Thursday, December 4th 2003, 6:39AM
by The Landlord
Forsyth Barr analyst Jeremy Simpson produced a quarterly review of the sector, which he has found is now trading at close to net asset backing.
He predicted a steady but not spectacular outlook. "We're not bearish about it, but it's just not going to be as exciting as it has been," he said.
The report says that interest rate rises could limit gains on listed property, so Forsyth Barr is taking a neutral stance towards the sector.
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