Commercial property values in the UK rose by 0.8 per cent in April, somewhat lower than the 1.1 per cent seen in March but still higher than the first two months of 2014.

According to the IPD index, values have now risen by nearly 8 per cent over the past 12 months of consecutive growth, although overall they still remain below their 2007 peak.

UK commercial real estate returned 1.3 per cent for the month, with income return standing at 0.5 per cent. Comparatively, bonds returned 0.7 per cent and equities 3.2 per cent.

Offices, returning 1.8 per cent in April, overtook industrials on 1.5 per cent as the leading sector, regaining the position they had held in January. Retails, however, lagged the other sectors once again.