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Cash allocation sends capital values soaring

Series: Estates Gazette ; (0416) 17 April 2004, 39(1)Publication details: 2004Subject(s): Summary: The amount of cash allocated to UK property meant capital values shot up last month. The latest CB Richard Ellis monthly index figures show property equivalent yields falling by 10 basis points, sending capital values up 1.8% in March. Retail benefited the most from falling yields, with 2.3% added to capital values for both high street shops and retail warehouses. CBRE website at www.cbre.co.uk.
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The amount of cash allocated to UK property meant capital values shot up last month. The latest CB Richard Ellis monthly index figures show property equivalent yields falling by 10 basis points, sending capital values up 1.8% in March. Retail benefited the most from falling yields, with 2.3% added to capital values for both high street shops and retail warehouses. CBRE website at www.cbre.co.uk.