Capital Values continue to slide in October
Total returns negative for the second consecutive month. Retail was the sector most impacted by shifting investor sentiment but all segments recorded capital value falls. All Property rental growth has shown signs of easing as Central London office rents slow from the aggressive growth rates recorded earlier in the year. Commercial property returned -1.8% in October, dragging the YTD total return down to 2.5%.
Equities were the strongest asset in October with a monthly return of 4.4%, against 1.0% for gilts and negative property returns.