Average new seller asking prices are now 0.1% below this time last year following several months of muted price growth.

New buyer enquiries fall for a second straight month, with a decline in agreed sales also reported.

The latest e.surv Acadata House Price Index shows average house prices in England and Wales held steady in August, ending a run of six consecutive monthly declines.

England shows a North/South divide, with the North East recording the fastest pace of growth.

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.