• UK property sees ‘modest’ growth

UK commercial property saw its 15th consecutive month of positive capital growth in October, at 0.1%, according to the latest IPD UK Monthly Index.

The subdued performance was due to virtually flat rental value growth, a fall of one basis point over October, offset by a slight positive yield impact, at 24 basis points. "The continued modest positive capital growth in the UK commercial property market reflects an attenuation of yield contraction and rental declines," said Phil Tily, managing director of IPD UK.

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