UK commercial property values fall

UK commercial property values fall
19/10/2016 , by , in INTERNATIONAL

UK commercial property values slipped in September but at a slower pace than in July and August, a closely-watched index showed.

Overall property values for UK commercial assets fell 0.21% in September, following a 0.65% fall in August, and 2.8% fall in July, the IPD real estate index, compiled by MSCI, showed.

Britain’s 900 billion pound ($1.12 trillion) commercial property market was one of the biggest victims of the turmoil that followed the June referendum, and at one point over 18 billion pounds worth of commercial property funds were suspended.

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