Pace of Covid-19 driven value decline eases in the second month of lockdown across all sectors, as rise in yields slows.
- At the all property level, capital values decreased -2.1% and rental values decreased -0.2% in April. Total returns were -1.6%.
- Capital values in the Office and Industrial sectors fell by -1.1% and -0.9% respectively.
- Retail sector capital values fell -3.6% and rental values fell -0.6%.