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Investing.com -- UK commercial property capital values increased 0.1% month-on-month in May, matching April’s growth rate, according to the latest IPD UK Monthly Commercial Property Index.
The index showed capital values rose 2.7% on a year-on-year basis. Rental values increased 0.2% in May, unchanged from April’s growth rate, and were up 3.4% compared to the same period last year.
London West End office properties were the top performers in the commercial property sector during the period covered by the index.
In the retail segment, capital values remained flat in May, following a 0.1% increase in April. Retail capital values have grown 1.4% over the six months to May and 3.6% year-on-year.
Shopping center capital values were also unchanged in May after rising 0.3% in April. These values have increased 1.6% over the past six months and 2.8% year-on-year.
Retail park capital values showed no change in May, consistent with April’s performance. Over the six-month period ending in May, retail park values rose 1.6%, while the year-on-year increase reached 5.0%.
Rental values in the retail sector were flat in May, following a 0.2% increase in April. Retail rental values have grown 1.1% over the last six months and 1.9% year-on-year.
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