SA listed property index slumps 21% in Q1

The rally of JSE real estate stocks came to an end last week with the SA listed property index slumping by more than 21% in the first quarter, resulting in more than R200 billion wiped off the sector's market capitalisation. This was largely driven by a sell-off in the share prices of Resilient Reit on the back of alleged share manipulation. But property stocks are making a comeback after Resilient was cleared of any irregular action. Garreth Elston, Managing Director of Golden Section Capital joined Business Day TV to discuss South African listed property stocks and that they are offering now, the most value than in the last 20 years.