Commercial property values rose by 0.2% in August, the first monthly rise in 26 months, according to the IPD UK Monthly Index.

IPD said that a continued easing in negative rental value growth — which improved by ten basis points to minus 0.48% in August — together with a second consecutive monthly improvement in yields — now at 7.86% — were behind the first positive growth since June 2007. Prices of shops, offices and warehouses had fallen by an average of 44.2% from their peak.

The Times