While this may seem like bad news for companies operating in the sector, their are opportunities in property market and in fact present opportunities to the likes of Unica Capital.

Our solid financial position allows us to take advantage of falling asset prices to boost the size, breadth and quality of our portfolio in order to capitalise on a long-term commercial property strategy.

If a recession takes place, this could lead to a slowing rate of rental growth, lower occupancy levels and higher default rates. With recent acquisitions reaching £300M over the last year, consisting primarily of Prime AAA office accommodation and with little to no exposure to mature, low-yielding London offices, Unica’s portfolio consists of high-quality assets that are likely to perform well during, and after, an economic downturn.

Our office properties, for example, are energy efficient and well located in central London’s most desirable locations, including Westminster, Victoria, Soho, Mayfair and the City. These are locations that are likely to experience robust demand even during a period of economic decline. Similarly, our retail assets are situated in the prime shopping centres of Oxford Street, Mayfair, Soho and Westminster – areas that are less likely to be vacated by major brands who are seeking to rationalise their portfolios as online retailing grows in popularity, but who still want a flagship or high-profile physical presence.

With energy efficiency, prime location and high-quality spaces a focus, coupled with a strong financial position, even in what looks like turbulent times there are opportunities to be had that are likely to be very rewarding for investors.