Rising house prices, the prospect of higher interest rates, and difficulty in raising a deposit are rapidly putting people off buying a house according to Halifax.
Alexander Gosling, managing director of online estate agents housesimple.co.uk, said: “Monthly growth of 0.1% is not exactly a slump but the heat does appear to have gone out of the property market.
“With lenders’ Mortgage Market Review, rate rises to come and wage growth still proving negligible there is every reason to expect more conservative growth in the months ahead.
“I think London buyers in particular have reached a point where enough is enough. Silly season couldn’t go on forever.”