Source: Sharecast
House prices were unchanged on the month following a 0.3% decline in August. On the year, prices were flat in September, having fallen 0.4% a month earlier.
The average price of a property was £298,441, versus £298,395 in August.
Northern Ireland continued to lead the UK, with annual house price growth rising to 7.4% from 6.8% a month earlier. Meanwhile, Greater London recorded the biggest annual fall, with prices down 2.2% year-on-year.
Andrew Asaam, mortgages director at Lloyds, said: "While the market overall has been fairly subdued, property prices have so far proved resilient during a period of higher mortgage rates, which has been driven by changing expectations around the future path of Base Rate. That’s mirrored in wider economic data, with household spending holding up better than many expected despite energy and other cost pressures arising from the Middle East conflict.
"Whether that picture continues is likely to depend on how confident consumers feel that the latest cost‑of‑living pressures will prove temporary. Confidence has long been a key driver of housing market activity, and will play an important role in shaping demand over the remainder of this year and into 2027.
"For now, the housing market appears to be balancing buyer caution with continued underlying demand. While higher mortgage rates and wider economic uncertainty are encouraging some people to take a more measured approach, new enquiries from prospective buyers are now at their highest since February. That should help sustain activity in the near term, with any movement in house prices likely to remain modest."