If the property market went up 30% during the Covid Property boom it would be realistic for it to reduce down somewhat. It's unrealistic to suggest when something goes up 30% in a short period of time it will only reduce a few percent backwards.
My view is property won't go back to pre-Covid levels but a good proportion of the Covid boom gains will be lost.
Talk to any decent Buyers Agent and discounts of between 5% to 10% are already on offer in the market.
