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Asking prices for UK houses remained stuck at their lowest level in almost four years during March, according to Rightmove.

The property website said asking prices were up 2.3 per cent, flat on the previous month and therefore the equal-weakest gain since April 2013.

That came as asking prices posted month-on-month growth of 1.3 per cent, down from a 2 per cent pace in February. This was the third straight month of growth, the longest run of monthly increases since the middle of last year.

A year ago, asking prices were growing at an annual pace of almost 8 per cent, before declining in the lead-up to June’s Brexit vote.

Copyright The Financial Times Limited 2017. All rights reserved.

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