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Demonetisation has made it harder for home buyers to use undeclared wealth for property buys.    Disruptions caused by demonetisation and the general caution on the part of buyers will hit property sales in India by at least 20-30 per cent in 2017, Fitch Ratings said in its latest report. “We expect home prices also to decline this year because demand for residential property has weakened significantly in the fourth quarter of 2016, following the demonetisation of large denomination notes in November last year,” said the ratings agency. Watch What Else Is Making News “The worst downturn in home sales is likely to occur in the first half of 2017. Demand is likely to recover moderately in the second half as festive season approaches, and because banks have cut interest rates on home loans by 50-60 basis points over the last 12 months to multi-year lows,” it said. “Demonetisation has made it harder for home buyers to use undeclared wealth for property b