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Commercial property continues to lose value

By newbusiness
Created 29/10/2008 - 11:25
The value of commercial property in the UK has fallen 7.2% in the last two months, according to figures released by real estate firm Cushman & Wakefield.

The banking crisis has pushed up prime yields - which measure the value of property in terms of its rental income - by almost fifty basis points since the start of September to 6.49%, the highest for 15 years.

The report added that the market remained at the "front line" of the financial crisis.


Source URL:
https://www.newbusiness.co.uk/news/commercial-property-continues-lose-value