House prices are among a long list of consumer goods that have sky-rocketed in recent months. New data has charted the rise of these prices in 50 cities around the UK, with millions of Britons potentially sitting on a goldmine.
Inflation rates have increased — the key factor behind the rise in the cost of living across the board. While housing is considered a consumer good, the right to it is a central aspect of the Universal Declaration of Human Rights and International Covenant on Economic, Social and Cultural Rights.
Because of inflation the average price of a property is now around four times as much as it was 20 years ago.
Real Estate Credit Investments Limited (LON:RECI) is a closed-ended investment company which originates and invests in real estate debt secured by commercial or residential properties in Western Europe, focusing primarily on the United Kingdom, France and Germany.
