Sales volumes fell across all UK regions, with the biggest declines in London and the midlands, the latest Land Registry data show.

Figures for transactions up to August – the latest month for which sales volumes are available – show double digit declines everywhere except the north-west and east of England.

Activity in London fell the most annually in August, when 7,186 sales were recorded. This is down 15.8% on the same period last year.

The east midlands also saw a 15% drop to 6,405 transactions, while the west midlands was down 13.5% to 6,935.

The north-west had the smallest decline at 7.7% with 9,427 sales in August and the north-east was close behind with a 9% fall to 2,944.

Overall in August, the number of property transactions completed in the UK decreased by 9.7% annually but was up 3% compared with July.

Figures provided by trade body UK Finance on Twitter showed that cash transactions made up a bulk of the declines in the capital, down 23% in London compared with 16% for mortgaged sales.

Overall, cash transactions fell in the UK by 11%, while mortgaged transactions were down 12.9% annually, the Land Registry data show.

Sales in England were down by the most overall at 12% to 70,117 in August on an annual basis.

Northern Ireland saw an 8.6% decline to 5,453 and Welsh activity was down 3.4% to 3,982.

Scotland was the only part of the UK that saw an increase in volume, up 7.4% annually in August to 9,282.

Annual house price growth overall slowed to 4.5% in October from 4.8% in September, to an average £223,807, down 0.5% on a monthly basis.