The values of commercial properties in the UK drop down again.

In October alone, prices for commercial real estate in Britain have dropped by record 4.3%, thus taking an overall decline from June 2007 to 28%. The national monthly index of the Investment Property Databank (IPD) indicated that low prices for shops, offices and industrial units have reached their biggest decline in the history of IPD on month-by-month basis. The index shows, total returns from all properties, encompassing rental income and capital growth, have fallen down to -3.8%, fractionally lower than the monthly returns registered in December last year at minus 3.7%. The retail sector suffered the most with values plunging by record 4.7%. The office sector, which had marked returns of -3.7% has fallen down to -4.3%. The IPD index alarms that the industry is likely to experience further declines, but it hopes for rapid correction and market recovery.