Extreme inflation, rising interest rates, and a stubbornly high consumer price index. What does all this mean for commercial real estate in London and the wider United Kingdom? Real estate investment professional Nick Millican says it might not mean what you think.
For real estate investors — professional or otherwise — it can be challenging to make sense of the constant flow of data, economic indicators, and business news that comes across their desks. At the moment, it’s hard to miss the tales of doom and gloom that seem to be spreading over the real estate sector from all angles.
But the key point is that not all market participants will react in the same way to these challenges. Real estate companies have seen tough times before and there’s rarely ever a mass fire sale on assets across the board. Times of crisis tend to lead to an explosion in innovation, and Nick Millican — who has spent decades at the top of the industry — sees the current climate as no different.
Real Estate Credit Investments Limited (LON:RECI) is a closed-end investment company that specialises in European real estate credit markets. Their primary objective is to provide attractive and stable returns to their shareholders, mainly in the form of quarterly dividends, by exposing them to a diversified portfolio of real estate credit investments.