UK commercial property returns ended 2008 at -5.3% in December, according to the IPD UK Monthly Index. December saw a third consecutive record capital value fall, this time by -5.8%. The final monthly figure brings All Property capital value declines over 2008 to -27.1%, while the overall peak-to-trough decline - since the onset of the current property market re-pricing cycle began in July 2007 - now stands at -35.5%.
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