UK commercial property values fell less sharply in August than the month before, a closely-watched index showed on Thursday, suggesting concerns about the impact of Britain’s vote to leave the European Union on the sector may be easing. Overall property values for UK commercial assets fell 0.65% year-on-year in August, the IPD real estate index, compiled by MSCI, showed on Thursday. This compared with a 2.8 percent fall in July, which was the biggest slide since March 2009 and reflected a sharp drop in market confidence after the June 23 vote.
The UK property market was a focal point for investor uncertainty in the days after the referendum, and at one point more than 18 billion pounds ($24 billion) worth of commercial property funds were suspended from trading.
Read more: Economic Times
