Post-Covid house price rises tipped to be wiped out in 2023

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Source: Shutterstock / Willy Barton

A nominal price decline of up to 7% is expected for residential property in 2023, wiping out most of post-Covid-19 rise in values, according to Fitch Ratings’ report ‘Credit Perspectives on the UK Housing Market: Solid Foundations or Cracks Emerging?’

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