UK commercial property update and outlook
Valuations data are now rapidly beginning to catch up with the unprecedented shift in the direct property market. Outward yield shift was sufficient to generate an all time record low -6.4% monthly total return in October. The key question now is where property yields will peak, how quickly this will occur and when and by how much they will potentially fall back again once the recession has worked its way through and inflation has fallen out of the figures. We look to answer this in some detail in a special Spotlight feature this month.