House price growth in Bristol has slowed over the last 12 months as affordability pressures and higher moving costs saw demand fall.
Year-on-year growth fell in the city from 3.6 per cent in 2018 to 2.2 per cent in 2019, according to a new report by property website Zoopla.
However, prices are still 48 per cent higher than they were at the peak of the market in the last housing cycle in 2007, with the average house in Bristol now costing £277,900.
Sales of houses in the city fell by eight per cent between 2015 and 2018 - in line with weaker buyer demand across the South of the UK.
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Brexit uncertainty has been a factor in falling sales, with households delaying decisions over home purchases.
Richard Donnell, research and insight director at Zoopla, said: “Whilst Bristol has seen the highest house price growth out of the southern cities at +2.2 per cent, growth is down from four per cent a year ago.
“It was only two years ago that Bristol was the fastest-growing city overtaking London.
“Affordability pressures are limiting the pace of growth and resulting in fewer sales. We expect price growth to remain low over the rest of 2019."
Nationally, house prices in UK cities increased 1.7 per cent over the 12 months to March 2019, matching levels of growth recorded in May 2012.
Property sales in London are down 20 per cent on 2015 levels and prices have remained flat over the last 12 months.
Meanwhile, northern cities continue to defy the slowdown in southern England.
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Liverpool leads the way with average house prices up 5.7 per cent annually to £122,100, while Leicester, Manchester and Glasgow have registered house price growth in excess of five per cent a year.
These cities have rising employment rates and attractive levels of affordability with prices rising off a lower base.
Prices in Glasgow (seven per cent) and Liverpool (four per cent) are still only just above the price levels recorded in 2008.
Richard added: "Cities across southern England are 18-24 months behind London.
"House prices have increased significantly ahead of earnings in recent years causing the rate of price growth to now slow."
