Total returns for commercial property in the MSCI UK Monthly Property Index turned positive in March for the first time since June 2022.
The data firm suggested the rebound was led by an increase in values for residential, industrial and retail property.
Office values continued to fall as the segment comes under pressure from hybrid working trends and heightened risk of obsolescence.
Capital values fell faster during the current period of uncertainty than during the 2008 global financial crisis and late-1980s recession, but at just eight months, the slowdown is, as it stands, of much shorter duration, said MSCI.
