Price increases dropped off after reaching a six-year high in December – and the market could slow further, it is claimed.

House price growth slowed for the first time since June last month as the end of the stamp duty holiday approaches, new figures from lender Nationwide show.

Prices in January were 6.4% up on a year earlier – a slowdown on December’s 7.3% – while month-on-month they fell by 0.3%.