Fall in UK commercial property values slows in August – IPD index

UK commercial property values fell less sharply in August than the month before, a closely-watched index showed on Thursday, suggesting concerns about the impact of Britain’s vote to leave the European Union on the sector may be easing. Overall property values for UK commercial assets fell 0.65 percent year-on-year in August, the IPD real estate index, compiled by MSCI, showed on Thursday. This compared with a 2.8 percent fall in July, which was the biggest slide since March 2009 and reflected a sharp drop in market confidence after the June…

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