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Lloyds also reports that prices fell more sharply in the South of England in August, but rose in the North, and in Wales, Scotland and Northern Ireland.
Prices fell in the South because of the “greater affordability challenge caused by higher average prices”, the bank reports.
The South East saw the largest decline, with prices down -1.6% year-on-year to £381,729.
In Greater London, where prices fell -1.5% to £534,177.
The South West and Eastern England both recorded annual declines of -1.2%.
Northern Ireland continues to record the strongest annual growth, with prices up +6.9% year-on-year.
Prices in Scotland rose by +3.5% over the past year.
In Wales, annual growth stands at +0.6%.
In the North East of England, prices rose by 2.7% on an annual basis.
In the North West, prices were 2% higher than a year ago.
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