The value of commercial property has fallen for 24 consecutive months, according to the Investment Property Databank. Values fell by 0.9% in June, taking total peak to trough falls to 44.1%. The IPD said that vacancy rates had risen, leading to a fall in landlords’ rental income.
The fall in values is now being predominantly dragged down by declining rental values and stalling demand for new business space, rather than the weakening appetite for risk amongst investors at the start of the downturn.
The Times, Daily Telegraph