Nearly £4,000 has been wiped from the value of the average home across the UK as higher interest rates continued to take their toll on the property market, figures have shown.

Even in the North-East and North Yorkshire, house price inflation has significantly slowed, according to property website Rightmove.

In Yorkshire and Humberside, prices rose by 1.3 per cent, compared with gains of three per cent the previous month, and in the north, prices rose by 0.4 per cent, down from 2.3 per cent.