18.11.2011 - UK commercial property capital growth flatlined in October
UK commercial property capital growth flatlined in October as the continuing crisis in the Eurozone, and the very real doubts about its resolution, took their toll on occupier demand and investor sentiment. Total return for October was almost entirely income driven, at 0.6%, according to the IPD UK Monthly Index. For the first time since April rental value levels stepped down, while yield compression slipped to negligible levels. Phil Tily, IPD UK and Ireland managing director said, “Central London retail and office values have been driving returns since the recovery began. However, in the last few months there have been increasing concerns over a pricing bubble in the capital, which the European economy could further exacerbate.”...........................................Full Article: Source
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