The average house price last month stood at £225,654, according to the Halifax.

It says that house prices rose just 0.3% on the month, and 1.8% on the year.

Halifax bases its house price data on its own mortgage approvals.

Mark Readings, managing director of online agent House Network, said: “UK house prices remain subdued and are being heavily influenced by a lack of momentum in the London market which is very sensitive to the current economic and political uncertainty.

“We expect the growth in prices will continue to slow due to the lack of properties coming on to the market, resulting in a flat short-term outlook.

“However, the low interest rates still mean that buyers can get very good deals and we are finding that new properties coming online are moving quickly.”