All four UK countries have produced annual price falls, with a -1.1% drop in England, -3.4% in Wales, -3.3 in Scotland and -11.6% in Northern Ireland.
Average house prices in September stood at £215,311 in England, £147,869 in Wales, £160,459 in Scotland and £140,726 in Northern Ireland.
London remains the English region with the highest average house price at £346,618, while the North East has the lowest average price at £130,835.
On average, prices paid by first-time buyers in the UK have fallen 0.7% over the year and prices paid by former owner occupiers also decreased by 1.7%.
Prices for new properties were 8.8% higher on average than a year ago, while prices for pre-owned dwellings decreased by 2.1%.
Matt Hutchinson, director of Spareroom.co.uk said: “It is a frustrating time for many prospective buyers because they are having the carrot of some very attractive mortgage rates dangled in front of them, but because they aren’t able to afford the sizeable deposits still demanded by lenders, home ownership continues to remain out of reach.
“If you add into the mix that demand for rented properties at the moment is driving rental costs higher and higher, forcing first-time buyers to dip into their deposit funds to pay rising living costs, then taking that first leap onto the property ladder seems a distant and forlorn dream.”
