Average total returns from UK property continued to fall in March, marking the seventh consecutive month of decline that has led to investors withdrawing hundreds of millions of pounds from UK real estate funds.

Capital growth of -1.3% offset positive income returns of 0.47% over the month, resulting in total returns of -0.83%, according to the Investment Property Databank. Average total returns for UK property have fallen by -4.4% since the beginning of the year, the IPD said.