Fall in value of retail property accelerates, according to CBRE
Retail sector capital values decreased -1.1% in June, according to the latest CBRE UK Monthly Index. Overall sector performance was driven by falls of -1.3% in shopping centres and rest of UK high street shops. Retail warehouse capital values decreased in line with the sector average. Over the first half of 2019, capital values decreased ‑5.0%, again pulled down by shopping centres (-7.9%) and rest of UK high street shops (‑5.6%). Retail rental values fell -1.8% over the half.
Robin Honeyman, Research Analyst at CBRE UK said: “Investors looking for excitement in UK property may be slightly disappointed by results from the first half of 2019. Results for June and Q2 mirror the trends reported so far this year and throughout 2019. Perhaps a stimulus will come in the second half of the year to enliven performance.”
