Of 1,022 locations monitored, some 16% showed an increase in rental value but prime yields fell by an average of 8 basis points and the UK All Property average currently stands at 5.6%, with 35% of locations recording falling yields.

In 2014 total prime rental value growth was 3.8%, up from 2.8% in 2013, with the rate increasing steadily over the last 12 months. The average prime yield recorded a fall of 41 basis points over 2014, compared to 32 bps in 2013, and the combination of continued falls in yields and strengthening rental value growth resulted in capital value growth of 11.8% for 2014.

‘During 2014 we have seen …