All round risks to our equity market increasing in my view, but especially for listed property. Current account deficit confirms the dire position our economy is in - potential further rand weakness, inflationary pressure, etc. If US Fed carries through its easing promise, local bond yields may just blow out quickly and severely. But rather ask our esteemed CML disciple about all things investing - he knows it all.
I agree, but don't think listed property should be singled out as being affected worst, especially after having already corrected by some 15+%. The Fed's reducing purchases of T. Bonds and mortgage backed securities will be a gradual process. The currenet account deficit of 6.5% is shocking with zero improvement in sight. That of course means an even weaker Rand going forward. (I don't think we will see 9 again). RIN and NEPI being 100% pure Rand hedges should be OK to buy/hold.
Of course the markets as a whole, globally, are at historically high levels and overexuberant - if they correct to historic mean levels, 40% at least could be wiped off the boards.
I am holding all my listed property stocks - still showing ± 150/220% profit.