| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 Asia Economy


How to use our RSS feed

Follow Finfacts on Twitter

Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.


Finfacts is Ireland's leading business information site and you are in its business news section.


Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax - Income/Corporate

Global News

Bloomberg News

CNN Money

Cnet Tech News


Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News




Content Management by interactivetools.com.

News : Property Last Updated: Aug 18, 2011 - 5:13 AM

Two years of UK commercial property capital growth dips to lowest in July since start of recovery
By Finfacts Team
Aug 18, 2011 - 4:05 AM

Email this article
 Printer friendly page

The long drawn out decline in UK commercial property capital growth, in July dipped to its lowest rate since the recovery began, according to the IPD UK Monthly Index. Despite the UK market now seeing two full years of positive growth, declines in retail values leave offices as the only sector experiencing capital appreciation.

"With a 0.1% improvement in capital values this month, the balance between the performance of prime assets and the more challenged secondary markets remains finely poised," said Phil Tily, UK and Ireland managing director.

"Challenges within the wider economy have put further pressure on the market. The declines in the retail sector being a case in point. Consumer spending falls are impacting on occupier demand and while retail yields remained steady, a -0.2% drop in rental values has prompted a -0.1% decline in retail valuations for July.

The capital depreciation seen amongst unit shops in the rest of the UK has this month spread over to outer London and the rest of the South East. At the other end of the spectrum, London offices continued to record strong capital growth, which kept the overall levels for the office market positive for the month. "

Tily added: "While the Eurozone crisis and the American downgrading has led to a lot of talk regarding the UK as a „safe haven,‟ the slowdown in the UK economy has limited levels of growth in this month‟s results.

"That said, while yields on Government bonds remain low and with further uncertainty in the equities markets, property continues to hold its own against other asset classes. Yields at an all property level are 6.3%, delivering an income return of 0.5% for the month."

24 consecutive months of positive capital growth has seen values recover by 17.6%. On a twelve month rolling annual basis, capital growth has slowed to just 1.9%.

The IPD UK Monthly Property Index is based on a sample of 3,678 properties covering £34.3bn at the end of July 2011.

Related Articles
403 Forbidden


Execute access is denied.

© Copyright 2011 by Finfacts.com

Top of Page

Latest Headlines
Irish commercial property annual return to September 2014 at 36.6% - income at global high
NAMA expects surplus of less than €500m - it's not a profit; 88.5% sales to US investors
NAMA selling 588 Dublin apartments - name withheld in announcement
Irish House Prices 2014: Dublin rise eased to 23.4% in 12 months to September
Fastest rise in rate of Irish house building since 2000 - do not confuse with activity level
Dysfunctional development land systems in UK and Ireland - Part 2
New Irish mortgage rules suggest most house buyers will need a 20% deposit
Dysfunctional development land systems in UK and Ireland - Part 1
Irish House Prices: Asking prices in Dublin an average rise by average of 25%
Irish commercial property sales set to top 2006 bubble peak
Irish House Prices: National prices up 14.9% in year to August; Dublin prices surge 25.1%
Dublin prime office rents set to return to most expensive in Europe ranks
Dublin 6 postcode area most popular area to buy a property in H1 2014
Irish construction confidence near record-high in August but no PMI firm data
Irish mortgage approvals at 22,400 in year to July 2014; Lowest since 1974
Irish House Prices: Dublin prices up 23% in 12 months to July 2014; Rest of Ireland gain 5%
Irish House Property: Cash purchases accounted for 35% of transactions in Q2 2014
Irish students face rising rents and 40% fewer properties available
Irish home mortgage loans issued in Q2 2014 at annual rate rose to 1974 level
Irish Construction PMI: "Fastest rise in new orders since 2004"; Activity very low
ESRI says Irish houses undervalued up to 27% - Maybe or not?
Up to 60,000 new housing units will be needed in the Dublin area by 2021
Ireland: More young people rented when rents fell during bust
Irish House Prices 2014: Dublin prices rose 24.4% in 12 months to June; Cash buyers dominate
Irish Interest-Only Mortgages: Central Bank didn't collect data; Now warnings of danger
Insolvency Service of Ireland supervises 27 mortgage debt deals in Q2 2014
Irish construction PMI rose sharply in June -- based on small sample
Dublin office rents climbing towards danger zone
Irish houses for sale rise in response to increasing prices
Property asking prices in Dublin rise 4.5% in Q2 2014 - biggest jump since Q1 2006
Irish Home Prices 2014: Dublin prices surged 22% in 12 months to May
Irish commercial property sales in H1 2014 at €1.7bn
Dublin's net effective office rents surge 39.3% in 12 months - - fastest growth in Europe
UK commercial property values rose by 1.1% in May
Dublin housing rents surge; 39,250 BTL accounts in arrears
Irish construction PMI rises sharply again but represents few firms
Irish Mortgages: 35,314 home mortgages in arrears 720 days+; 39,250 BTL accounts in arrears
New single-family US homes getting bigger but fewer single homes being built
Irish House Prices 2014: Dublin prices up 3.1% in April; Increase of 17.8% in 12 months
Irish land prices rose highest in Munster in 2013