- JSE All Share (ALSI) 58,668.48
- Rand/Euro R 17.05
- Rand/Pound R 19.06
- Rand/US Dollar R 14.70
- Rand/Aus Dollar R 10.57
Many investors have a strong affinity for residential property investment. Quite often it forms the bulk of their investment portfolio. Property is tangible, unlike shares, and it is relatively easy to understand. So, when we review investor portfolios, and we see a significant bias towards property, we should question its value as an investment. To our minds it needs to compete for its space. Often it is the default option, with other investments – local and offshore shares for example, fighting over the scraps.