| UK commercial property returns fell to 2.3% in the first quarter of 2011, according to the IPD UK Quarterly Property Index, as the re-pricing from the downturn appears to be running its course. The rate of capital growth fell by 50 basis points, to 0.8%.
Phil Tily, UK and Ireland Managing Director at IPD, told delegates at the IPD/IPF/PDIG Quarterly Q1 briefing, that: “While in the overall context of the recovery period this is a relatively sedated pace of growth, it nevertheless marks the seventh consecutive quarter of improving values..............................................Full Article: Source
|