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Evening Standard
Evening Standard
Alex Daniel

January bond market chaos put brakes on UK house sales

Estate agents mostly said house sales were flat in January (Andrew Matthews/PA) - (PA Wire)

The rise in the cost of Government borrowing in January dented people’s appetite to buy and sell houses during the winter month, a new survey of estate agents suggests.

Housing demand and sales were broadly flat last month compared to December, according to the Royal Institute of Chartered Surveyors (RICS), which pointed to the recent spike in gilt yields as a potential reason.

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