CB Richard Ellis’ latest UK Monthly Index shows that the All Property total return slowed only marginally in August, to 0.8% from 0.9% in the previous month. Capital growth increased by 0.3% for the month due to a small amount of yield compression, as rental values remained unchanged from July. August’s return brings the year-to-date total return to 12.3%, with capital values up 7.5% in 2010.
The CB Richard Ellis Monthly Index showed:
- All Property total return was 0.8% in August, with annual returns of 26.3%.
- All Property capital growth was 0.3% in August, with values up 7.5% since the start of the year.
- The strongest performing market sub-sector over the month was again Central London offices, which recorded total returns of 1.0% and capital growth of 0.6%.
- All Property rental values were flat over the month, but down 1.0% in 2010.
- All Property equivalent yields were unchanged for the third successive month at 6.9%.
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