Halifax Managing Director Russell Galley said the slowdown in annual price growth remained within the lender's forecast range for 2018 of zero to an increase of 3 percent.
Property analysts say the main factor preventing prices from actually falling is a shortage of homes on the market although prices in London have fallen, according to some measures.
Howard Archer, an economist with EY Item Club, said prices would probably slip modesty on a nationwide basis if Britain leaves the European Union in March without a Brexit deal.
Earlier on Friday, home-builder Berkeley Group announced a 26 percent fall in profit and it warned about uncertainty in the short term as people put off house purchases ahead of Britain's exit from the EU. (Writing by William Schomberg; Editing by Toby Chopra)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)