Property rises slightly in Q3

The ‘Gherkin’ and Canary Wharf at sunrise in the City of London. Photograph: Stefan Rousseau/PA Wire

The UK real estate market performedstrongly during the third quarter of 2014, with values rising by 3 per cent for all property – slightly down on the 3.3 per cent for the second quarter after five successive quarters of growth.

The strong level of value growth contributed to a total return of 4.4 per cent for the quarter, the second highest since Q1 in 2010, according to the IPD UK Quarterly Property Index.

Rental value growth improved marginally across all UK property in Q3, rising from 0.7 to 0.8 per cent.

Jack Fagan

Jack Fagan

Jack Fagan is the former commercial-property editor of The Irish Times