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UK house price fall predicted to be second biggest in Western Europe
S&P Global forecasts 2023 UK house prices will fall 3.5%
Ratings agency S&P Global has predicted UK prices will go down 3.5% in 2023, which is the steepest drop in Western Europe after Portugal, where the fall is expected to be 4.4%.
The analysis of the European housing market said house prices will be hit this year and next because of rapidly rising mortgage rates.
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