Initial yields were broadly stable again in May, but once you take the figures down to two decimal places, all-property capital values rose. The gain of 0.01%m/m was obviously miniscule, but it was nevertheless the first increase since October 2011. We think that the risks remain to the upside, though any gains in capital values in H2 will be modest.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.