Tuesday, Nov 18, 2008
Its Doom, begorra, Its Doom
Property Week: UK property values in October plunge to 22-year low says IPD
UK commercial property capital values have plummeted by the largest ever monthly figure in the Investment Property Databank’s 22-year history, at -4.3%, according to the UK Monthly Property Index for October 2008
In the IPD index published today it showed all property total returns falling to -3.8%, fractionally deeper than the monthly returns recorded last December, which were -3.7%, which the IPD said ‘served to emphasise that the UK commercial real estate market has now fully entered a ‘double dip’ phase.
Posted by fahrenheit451 @ 09:56 AM (301 views) Add Comment
2 Comments
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1. jonb said...
I think it plunged by a 22 year low rather than to a 22 year low. We certainly aren't at 1986 prices yet.
2. Letsgetreadytotumble said...
Seems odd that all the stats coming from various organisations only seem to go back a few years. I would have thought a lot of this info would go back decades, or even further.
Some stats are 'the worse' since, say, the year 2000. When you think of the importance of various information, some of the records have not been monitored for very long.