Property return growth slowed marginally to 1% in April according to the latest data from MSCI’s IPD UK Monthly Property Index.
Growth month-on-month had been 1.3% in March and fell 30bps in April as all the surveyed sectors made incremental slowdowns over the month.
The drop has been led by a reduced level of growth across all sectors.
Office sector capital growth slowed from 1.4% to 1.0% month-on-month, the industrial sector from 1% to 0.7%, and the retail sector from 0.3% to 0.2%.
Income returns remained stable over the month, however, with retail up 0.5%, offices up 0.4% and industrials up 0.5%, the same as the month before.
| IPD UK Monthly Property Index | Total Return Apr 2015 | Income return | Capital growth |
|---|---|---|---|
| All Property | 1% | 0.50% | 0.50% |
| Retail | 0.60% | 0.50% | 0.20% |
| Office | 1.40% | 0.40% | 1.00% |
| Industrial | 1.20% | 0.50% | 0.70% |
