Discover how South African commercial property has achieved four consecutive years of positive capital growth, defying pandemic uncertainties and setting the stage for a robust recovery.
South African commercial property has now delivered four consecutive years of positive capital growth, a milestone that would have seemed ambitious during the uncertainty that followed the pandemic.
According to the MSCI South Africa Property Index, sponsored by Absa, the sector generated a total return of 12% in the 12 months to December 2025, its strongest performance since 2018.
Income returns were robust at 8.5%, above the 10-year average, while capital growth lifted property values back to levels last seen a decade ago.
For the second consecutive year, the South African Property Index also achieved the highest total return in local currency terms across the MSCI global index constituents.
