Average house prices went down 1% in July – the month after the referendum.

The Halifax said that the average price stood at £214,678 last month. However, the figure given by the lender was “seasonally adjusted”.

Despite July’s dip, annual house inflation was 8.4%, and quarterly house price inflation 1.6%.

Halifax economist Martin Ellis said: “There are signs that house price growth is slowing with a deceleration in both the annual and quarterly rates of increase in the past few months. Nonetheless, the current rates remain robust.

“July’s monthly decline largely offsets June’s increase. The month-on-month changes, however, can be erratic and falls often occur within an upward trend. Overall, it remains too early to determine if there has been any impact on the housing market as a result of June’s EU referendum result.”