The property market showed signs of deceleration in March, pulling back by 1.02%, contrasting with the performance of both local and global equity markets.This shift comes as markets brace for as lower and later rate cut cycle, influenced by the Federal Reserve's recent commentary.

The anticipated prolonged period of higher rates is putting pressure on the local property market, with retailer simpacted by consumer financial strain, and property companies burdened by high interest rates.

Despite these challenges, the property market out performed the broader local equity market for the quarter, delivering are turn of 3.85%.

The market has also increased its exposure to offshore markets, particularly in Eastern Europe, where robust GDP growth is expected.

The impending interest rate cuts should lend support to the property market, maintaining its position as a relatively attractive investment with competitive dividend yields despite the slowing momentum.