Capital values across All Property fell for the fourth consecutive month in November on the CBRE Monthly Index. With an exceptionally sharp monthly yield adjustment over the month, capital values fell by 4.1%. After having reached a peak in June, values have now declined by 8.6% since mid-summer. This dramatic correction forced the total return for All Property to -3.7% in November and pushed the year to date return into negative territory at -1.3%.



Equity markets continued to suffer from high volatility in November returning -4.8% over the month against 2.3% for gilts as investors fled to safer investments. Year-on-year, property was outperformed by both gilts and equities in November.

Click on PDF icon to view full report