Commercial property values rose by 0.8 per cent in April

According to the IPD UK Monthly Property Index, commercial property values in the UK rose by 0.8 per cent in April, with overall values rising by nearly eight per cent over the last 12 months.

Central London markets led the way once more, which represents something of a reversal compared to recent months, when offices in the rest of the South East tended to be the strongest performing markets.

Offices were the most profitable area of the commercial property market, returning 1.8 per cent last month. Industrials, meanwhile, brought in 1.5 per cent and retail continued to lag behind despite the fact that they rely more than most on prime locations and building conditions.

In spite of the overall muted rental performance in April, investor demand for UK property remained strong, with yields continuing to see compression across the country.

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