REIT ASIAPAC MAGAZINE REITASIAPAC FIRST-QUARTER 2022 ISSUE | Page 8

REIT ASIAPAC
Market

2022 OUTLOOK : HOW THE WAR AND INFLATION WILL AFFECT REITS

Safe-haven markets such as Singapore and Australia could see capital inflows .
Photo by photo . capital . fr
By Patrick Ma , Director , Listed Products and Research , Admiral Investment Limited
REITs fell in January on concerns over inflation but recovered lost ground with positive gains in March as Russia ’ s invasion of Ukraine sparked a search for defensive assets . developed countries . Rising prices were reflected in the US headline inflation rate of 7.9 % in February 2022 , the highest in 40 years .
Inflationary pressure had already been building on the back of post-pandemic recovery , tight labour markets , and expectations of further growth from the reopening of economies by most
A major consequence of Russia ’ s invasion of Ukraine had been the jump in energy and commodity prices . The war and the sanctions led to the disruption of supplies of oil , gas and agricultural
8