| Capital values fell by another -0.2% in January as the New Year brought little good news for the UK property market. Total return fell to 0.4%, its lowest since June 2009, according to the IPD UK Monthly Index.
Phil Tily, Managing Director of the UK and Ireland, explained, “Rental values fell back into decline in January, albeit slightly, and they have now been negative for three out of the last four months. Yields saw slight expansion, but fragile occupier demand remains the main driver behind falling capital values.”..............................................Full Article: Source
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