UK commercial property values halt post Brexit declines

UK commercial property values inched ahead in October, a closely-watched index showed on Monday, breaking a downward trend since Britain voted to leave the European Union in June. Overall property values for UK commercial assets rose 0.07 percent in October, following gradually decreasing declines between July and September, the IPD real estate index, compiled by MSCI, showed.

Britain’s 900 billion pound ($1.1 trillion) commercial property market was one of the biggest victims of the turmoil that followed the referendum and at one point commercial property funds worth over 18 billion pounds were suspended.

Read more: Economic Times