Property stocks outshine NZX 50 so far in 2025

The Kiwi quoted property sector trades at a discount to asset value. (Image: Brett Phibbs)

Mon, 08 Dec 2025

New Zealand’s real estate sector has outperformed the NZX 50 year to date by almost 14%, albeit coming off the boil in November as longer-term interest rates weighed.“Stumbling towards the finish line” is how analysts at Forsyth Barr summed up the sector's November breather.“After a strong run in 2025, the listed property sector took a step back in November,” the analysts said in a research note out Friday.The S&P/NZX 50 gross index rose 2.9% in calendar 2025 to Dec 4. The S&P/NZX All Real Estate gross...

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