Capital declines for UK commercial property slowed to their lowest in 17 months in April, according to the researcher IPD.

Total returns for the month rose to 0.5 per cent, their highest since November, 2011, with capital declines at just 0.04 per cent and income returns at 0.6 per cent.

Capital growth was positive in the office sector, at 0.1 per cent, but continued to decline for retail and industrial assets by 0.1 per cent for both.