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The average asking price for a home in the United Kingdom was down 1.5 percent on year in September, property Web site said on Monday, coming in at 223,996 pounds. That follows a 3.1 percent annual contraction in August.
On a monthly basis, prices were up 0.6 percent after the 2.2 percent fall in the previous month.
The data showed that 10 properties were coming off the market for every eight coming on as evidence suggested activity in the property market was over dependent on those with substantial equity.
London was one of three regions which saw a month-on-month rise in house prices in August, although they remain 0.9 percent down on the year at 390,768 pounds.
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