Insight · 2 min read · 2026-04-30

9–10.5% annual returns in an inflationary environment: worth a look?

It seems there are increasing signals that inflation may start accelerating again in the near future. This means it is worth thinking not only about returns, but also about their resilience. When inflation rises and central banks increase interest rates, equity markets tend to become more volatile. Meanwhile, bonds often maintain a clearer and more predictable income stream.

Inflation encourages saving, but not everything—everyday needs remain unchanged. Consumption simply becomes more deliberate. As a result, retail and leisure centers focused on daily necessities often remain among the more stable asset classes, with income staying relatively predictable even during market fluctuations.

I am sharing one of the projects currently being financed by the Bondea community:

In the territory of “Rīgas Piensaimnieks” in Riga, VPH is developing a ~20,500 m² retail and leisure center. The project is co-financed by Rietumu Banka, the construction permit has already been obtained, and construction is set to begin at the end of this spring.
It is planned that around 60% of the space will be leased before construction starts. An agreement has already been signed with “Rimi”, and negotiations are ongoing with other tenants – ranging from household goods retailers to a gym, cafés, and restaurants.
Investors are offered a 9–10.5% annual return, paid semi-annually, with a 24-month term.

To me, this is one example of how crowdfunding allows participation in institutional-level projects while gaining more resilience in an inflationary environment.