British commercial property capital values fell 2.4 percent in 2016, hurt by changes to stamp duty tax and Britain’s vote to leave the European Union, a real estate firm said on Tuesday.\u00a0Retail property capital values saw the largest fall, declining 5 percent from a year earlier, while offices dropped 2.5 percent. Industrial property capital values rose 1.5 percent compared with 2015.<\/p>\n
Capital value refers to the probable price that would have been paid for a property at the date of valuation.\u00a0Rental values rose 1.7 percent on the year but remain below pre-Brexit vote levels. The annual total return for UK commercial property investment was 2.7 percent.<\/p>\n
Read more: Reuters<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" British commercial property capital values fell 2.4 percent in 2016, hurt by changes to stamp duty tax and Britain’s vote to leave the European Union, a real estate firm said on Tuesday.\u00a0Retail property capital values saw the largest fall, declining 5 percent from a year earlier, while offices dropped 2.5 percent. Industrial property capital values\u2026 Read More »<\/a><\/span><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,15,11],"tags":[],"class_list":["post-1017","post","type-post","status-publish","format-standard","hentry","category-city","category-international","category-others"],"_links":{"self":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1017","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/comments?post=1017"}],"version-history":[{"count":1,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1017\/revisions"}],"predecessor-version":[{"id":1018,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1017\/revisions\/1018"}],"wp:attachment":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/media?parent=1017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/categories?post=1017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/tags?post=1017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}