Growth in British commercial property prices slowed for a second month in February, a closely-watched index showed on Thursday, denting a recovery seen in the last quarter of 2016 following Britain’s vote to leave the European Union.
The value of British commercial property assets grew 0.17 percent in February compared with January, according to MSCI’s (MSCI.N) IPD real estate index, overshadowing largely stable rental growth, with total returns falling to 0.625 percent in February from 0.71 percent in January.
The IPD real estate index is one of Britain’s most widely watched commercial real estate data surveys, and tracks about 10.5 percent of professionally managed British property across all sectors, including retail and office property.
One-Minute Round Up: A ‘Less Hawkish’ Fed Has the Market Rethinking Strategy
USD/CAD – Canadian Dollar Steady as Manufacturing Sales Posts Gain
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.
Craig Erlam
Latest posts by Craig Erlam (see all)
- USD/CAD – Heading For a Correction? - 02/26/2021
- Market Insights Podcast (Episode 169) - 02/26/2021
- Week Ahead – Rising yields spook markets - 02/26/2021