Upward trend continues

The recovery in the UK commercial property market was further confirmed during the first three months of 2014 as values rose by 2.2 per cent for all property, contributing to a total return of 3.7 per cent for the period, according to the IPD latest index.

Although this represented a slight deceleration since the final three months of 2013, a return to rental growth for all sectors provided further evidence of the solid foundations now underpinning the market.

The prevailing long-term recovery in the UK was confirmed by a total return for the year to the end of March of 13.3 per cent, significantly up on the annual return to end 2013 of 10.5 per cent; this was also the highest level recorded since 2010.