“…According to Boshoff and Binge (2019), investment confidence indicators possess analytical signals for economic growth and are frequently accurate leading indicators and useful for detecting early warning signals for economic turning points (Krystalogianni et al, 2004). Boshoff (2013) opines that the information provided by indirect real-estate investment shows that analysts can rely on these data for evaluating markets, because real estate at this level is like any other asset class and could be influenced by various economic and financial drivers.…”