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Capital value downturn extends to 12 months in October

IPD all-property initial yields were unchanged in October, but the small drop in rents meant that capital values fell further. Indeed, there have now been 12 consecutive monthly falls in capital values, with the cumulative drop over that period having been 3.5%. However, there are now signs that investor sentiment is improving and we think that the floor for capital values is now within sight.

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