UK house prices rose at the slowest pace since March 2013 in the year to June, according to the country’s largest lender, the Halifax.
Prices increased by just 1.8%, equalling the pace of growth seen in the year to February.
In the last three months, the cost of an average house or flat actually fell by 0.7%, the largest quarterly decline since February 2012.
Prices have now fallen in four out of the five last quarters.
The typical UK home now costs £225,654.