Skip to main content

Yield-driven declines in capital values gather pace

All-property capital values fell by 0.5% in May, the seventh consecutive monthly fall.  That raised the cumulative decline since October last year to 1.6%. With rents flat, the declines in capital values have been solely yield driven.  And given that investors’ confidence remains low, some further upward drift in property yields looks likely.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services


Get access