Halifax released its house prices data for the U.K. on Wednesday. House prices in the U.K. decreased 0.6% in July, after a 1.6% rise in June. June's figure was revised down from a 1.7% gain.
On a yearly basis, house prices climbed 7.9% in three months to July, after a 9.6% increase in three months to June. It was the slowest pace since December 2014.
"The underlying pace of house price growth remains robust notwithstanding the easing in July," Halifax's managing director for retail customer products, Stephen Noakes, said.