The UK regions with the most affordable homes as house prices drop 'more than usual'

The research showed the most affordable properties are in the north east of England, being listed for an average of £193,043. This was up 0.5 per cent month-on-month.

Unsurprisingly, the most expensive properties remain in London, selling for an average of £692,544. This is down 0.4 per cent month-on-month.

The biggest monthly drop was found in the south east, where prices decreased by two per cent to £485,733.

Average house price

Nort East - £193,043

Scotland - £195,344

Yorkshire & Humber - £252,153

North West - £264,256

Wales - £265,679

East Midlands - £290,501

West Midlands - £293,846

South West - £392,961

East of England - £424,262

South East - £485,733

London - £692,544

Property experts commented on the changes and said the marginal drop could actually be good news for the market.

Director of Benham and Reeves Marc von Grundherr said: "Whilst England’s late run of form to reach a Euros final may have come as a surprise to many, the property sector has been largely predicting the continued resilience of the housing market for many months now.

"A brief dip in asking prices will do little to slow the momentum that has built so far this year and with the election now behind us, it’s shaping up to be a sizzling summer where property market performance is concerned.”

Another agreed, stating despite "distractions" in the country, house price growth is likely.

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CEO of Yopa Verona Frankish added: “There’s been a great deal of noise distracting homebuyers and sellers from keeping their eyes on the prize in recent weeks, from injury time and penalty drama at the Euros to the general election.

"So it’s promising to see that despite these distractions, asking prices have remained largely unchanged and market activity has held firm.

"Given this continued display of strength, we largely expect that a summer of sustained house price growth is now on the cards and this will only increase as the reality of a base rate cut looms ever closer.”