• UK commercial property holds capital growth

The UK commercial property market has maintained its fractional capital growth trend, at 0.2% in February, according to the IPD UK Monthly Index.

The annual rate of capital growth has now fallen to 4.8%, down from 6.0% at the end of January. The drivers of capital growth over the month were largely driven by yield movements, which counted for virtually all of this month’s growth, with yield impact registering positive, at 0.2%. Rental values were at a virtual standstill, rising by two basis points.

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