UK home sales set to hit their lowest since 2012 as mortgage sales plummet

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UK home sales set to hit their lowest since 2012 as mortgage sales plummet
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U.K. home sales are forecast to drop to their lowest since 2012, according to real estate company Zoopla, as mortgage rates remain high.

Christopher Furlong | Getty Images News | Getty Images

Demand for homes is down by 34% compared to the average of the last five years, as higher mortgage rates and cost-of-living pressures weigh on the market, Zoopla said.

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