Commercial property values up 0.1 percent in November - IPD

Published 14th Dec 2010

Commercial property values rose just 0.1 percent in November for the second straight month, just shy of a double dip in values, as the market remained subdued, data showed on Tuesday.

The market extended to 16 months its run-up in prices, which began in August 2009 after a two-year downturn that wiped 44 percent of value off the monthly index, which is compiled by the Investment Property Databank (IPD).

Growth has slowed dramatically since the summer and the overall market is expected to continue to struggle in the coming months, as concerns over the economy and government weigh on investors.

The benchmark IPD data is used as the basis for property derivatives market.

Source: ' Reuters '

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