Prices fell 0.1% month-on-month.

Market conditions have already softened since the end of the stamp duty holiday in March.

Around 90,000 UK properties are owned by anonymous companies, worth over £100 billion.

The North East was the English region with the highest house price inflation, at 7.8%.

The number of sales being agreed is now 8% ahead of this time last year.

Buyer demand and agreed sales fall back into negative territory, with the sales outlook flat for the near-term.

Northern Ireland continues to be the strongest performing region, with price rises of 9.3% over the past year.

This is despite house prices continuing to pick up over the summer months.

Housing market activity has surged, with buyer demand up 11% and agreed sales up 8% year-on-year.

Medium-term potential for growth has been upgraded due to a more relaxed approach to mortgage affordability tests.