The latest UK Retail Property Auction Index shows that in the second quarter of this year the index decreased to 87.0 representing a change of -4.1% year-on-year and – 2.4% since Q1 2013.
In comparison, the IPD UK Monthly Shop Index stands 2.8% lower than it did a year ago.
The IPD/Acuitus UK Retail Property Auction Index, produced in association with EIG, is based upon the change in retail property values sold at auction. The index provides greater transparency on price movements observed in the UK auction rooms, which are often seen as a leading indicator for the secondary market.
Acuitus Chairman, Richard Auterac, comments: “Whilst the falls in the index have gradually been slowing, it is still in negative territory as the full impact of rental declines outside the prime stock permeates its way through the UK’s high streets.
“As consumer confidence recovers we should see the index move into positive territory”
To download the RPAI for Q2 2013, please click here
