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Why is the share price falling so drastically?

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Has any one any idea as to why the share price is falling so drastically? I see the same is happening to Growthpoint Properties. Is Redefine still a good choice to buy into at the moment?
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Regular Contributor
U.S interest rate increase,and we shall follow,thus bad for propert stocks
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Super Contributor
It has just paid its interest out. I still hold. This morning I updated my page on real estate on sashares2010.blogspot.com
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Thanks I will go and check out your blog
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Super Contributor
Not the only share to fall "drastically" - all sectors are hammered. The great correction is happening.
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Super Contributor
Property stocks are not good investments at the moment, retailers are suffering, their rental income will decrease due to the turnover clauses and interest rates rising.
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Super Contributor
with a poor growth in gdp and an oversupply of office space there certainly are headwinds in the property sector(and other sectors as well).not sure I see a significant correction yet-another 20 or 30% drop and then we can say for sure that the correction has happened-maybe buy time again at that point
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