The gap between asking and selling price has increased across cities as home buyers negotiate harder on the property price.
London boroughs record falls in house prices with Wales leading with 4.1% annual growth that defies Brexit uncertainty.
Over the past two years property has made more money than homeowners although the gap is closing as price growth slows.
As property market sentiment weakens in the UK, house price growth was only 0.6% and the slowest rise since September 2012.
Average house prices have increased 2.8% annually and are positive across all regions for the first time in three-and-a-half years.
The number of property millionaires in London have decreased by 35,000 as house prices in the capital reduce in 2018.
London house prices to fall two percent during 2019 whereas half of regional cities recorded double digit growth post Brexit.
Asking prices from sellers in London have seen the largest fall with the average under £600,000 for the first time since 2015.
Property values in London continue to fall dragging down UK house prices to the lowest annual growth levels in five years.
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