House sales stagnated in January — what does it mean for your property?

According to a survey by RICS, the UK housing market stagnated in January due to rising government borrowing costs, with both housing demand and sales remaining steady compared to December. The survey attributed the plateau to a recent surge in gilt yields, causing potential buyers to hold off on deals amid financial market volatility. Despite a near-identical level of buyer interest, the number of agreed sales only saw a slight increase, with RICS’ head of market analytics linking the slowdown to turbulence in money markets at the start of the year.

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