Prices across UK cities are up 10.2% over the year, but sales are down an average of 2% – and by 20% in Cambridge.

This morning Hometrack said that Brexit uncertainty plus Stamp Duty changes are likely to hit volumes.

The average city price across the UK is currently £231,700 but with market variations as the range is from £109,000 in Glasgow to £455,000 in London.

Hometrack says there are signs that house price growth is starting to plateau in the south.

It said: “Uncertainty around the ‘Brexit referendum’ is also likely to slow activity further.

“Questions remain as to the level to which the campaign will influence households’ decision making and overall levels of housing market activity.

“The Brexit referendum comes at a time when other policy measures such as higher Stamp Duty for investors and second home owners are expected to impact market activity from investors who accounted for one in five sales in 2015.”