15.02.2013 - U.K. commercial property values fall for 15th month in January
U.K. commercial real estate values fell for the 15th consecutive month in January led by a decline in retail, Investment Property Databank Ltd. said. The average value of stores, offices and warehouses declined 0.2 percent from December, London-based IPD said in a statement today. Total return, which combines changes in real estate values and rental income, was 0.4 percent in January. “There are some encouraging signs starting to emerge, with pockets of improvement emerging around the U.K.,” Phil Tily, a managing director at IPD, said in the statement. “With the pricing so keen for Central London assets, there may be more movement amongst investors to seek better value in the regions.”..............................................Full Article: Source
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