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UK housing sales stagnate in January as higher costs deter buyers, but experts foresee a pickup this year.
The UK housing market showed little change in January, with demand and sales staying flat due to rising government borrowing costs.
Despite this slowdown, experts predict an acceleration in sales this year, bolstered by a recent cut in interest rates by the Bank of England.
However, higher house prices and mortgage rates remain hurdles for new buyers.
The rental market also faced fewer available properties, likely leading to rising rents.
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