The Property Industry Alliance’s (PIA) latest report has revealed that commercial property values in the UK, of which retail accounts for 38 per cent, dropped 4.6 per cent in 2016 from £926 billion to £883 billion.
Commercial property reportedly accounts for around 13 per cent of the value of all buildings in the UK, and 10 per cent of the UK’s net wealth.
The decline was reportedly seen in the months following the Brexit result.
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