Decline in UK Property returns slows: IPD

The IPD UK Monthly Property Index saw a total return of -0.5% month-on-month in April 2008, a slight improvement on the -0.8% return in March. The April figure continues the upward trend reported by the index since the -3.7% return seen in December 2007. Capital values fell by 1% in April after a 1.3% fall in March and a 1.5% fall in February. On an annual basis however, All Property total returns hit a record low of -11.7% year-on-year in April, down from -10.7% in March.

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