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The World in 2023: Property prices to plunge

Property markets rebounded strongly after 2020, in part boosted by favourable structural shifts brought on by the pandemic. But they have hit the buffers in recent months. And fortunes are likely to deteriorate further next year, which we expect to be the worst for real estate prices since the end of the GFC.

In view of the wider interest we are also sending this UK Commercial Property Update to clients of other Property Services.

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