Bull has been invited to be a panellist at the upcoming Annual AREF conference and needs some ammunition. His topic is the resilience of property and property funds.
Both he and Bear agree that, over the past fifty years, the sector has successfully pivoted in line with changing socio-economic demands and are generally happy with the resilience shown by the sector.
But Bear warns that the future is less straightforward, not least as the asset classes which are likely to be in most demand (healthcare, retirement living etc) are currently very heavily influenced by government policy.
Enjoy your Sunday.