Capital values in UK commercial property fell by 4.1% in November amid what experts believe is the most rapid correction ever seen in the sector. Financial Times

The total return from the sector – which includes rental income – was minus 3.7% in the month, according to figures from CB Richard Ellis.

This would easily be the worst monthly return for either residential or commercial property in the past two decades. Until now, the lowest monthly total return for commercial property since the IPD started in December 1986 was a negative 1.76% in May 1989.

The biggest hit to capital values in the UK housing market was a drop of 1.3% in October 1992.