04
September
2008
|
00:00
Europe/London

Retail yields continue to rise

Property yields across all retail sub-sectors climbed sharply in the first half of 2008 and continue to weaken.

Property yields across all retail sub-sectors climbed sharply in the first half of 2008 and continue to weaken.

At 6.6% in July, the IPD All Retail equivalent yield stood 70 basis points higher than in December 2007. All retail capital values fell 9% in the first half of 2008: 20% year on year.

We expect a further outward yield adjustment across the retail sector, albeit a more modest movement than in recent months, extending capital value falls into next year.



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