The value of a home in south-east England has dropped by £15,500 over a year after the region recorded the sharpest fall in house prices in Britain in July.
Halifax, the High Street lender, said average house prices in the area fell 3.9%.
But, in Scotland, prices were down by only 0.7% over the last year to a typical £201,501.
Overall, Halifax said the UK's housing market was showing resilience, despite higher mortgage costs.
It said average prices fell by 2.4% in the year to July, valuing a typical home at £285,044. That is slower than the 2.6% decline recorded in the year to June.
Despite the falls, prices remain much higher than before the Covid pandemic.
Sharper drops
Some regions saw sharper drops than others.
The value of a home in south-east England dropped to £382,489 in July.
Wales, which Halifax said had seen some of the most rapid growth in house prices witnessed during the pandemic "boom", recorded one of the largest annual falls at 3.3% to £214,495.
Scottish property prices were down by only 0.7%
Greater London also saw prices drop by 3.5% in July, but the average price is much higher at £531,141 compared to other regions.
Typical house prices fell in all parts of the UK in July apart from in the West Midlands, where they remained unchanged.
The BBC says the north-east of England remains the cheapest place to buy a home with the average price being £167,594.
Degree of resilience
Commenting on the housing market in the UK, Kim Kinnaird, director at Halifax Mortgages, said it "continues to display a degree of resilience in the face of tough economic headwinds".
"In particular, we're seeing activity among first-time buyers hold up relatively well, with indications some are now searching for smaller homes, to offset higher borrowing costs," she added.
During the height of the Covid pandemic, house prices soared as people who were forced to work from home at the time decided they wanted more space.
Ms Kinnaird said while house prices will continue to fall into next year, she expects "a gradual rather than a precipitous decline".
"And one that is unlikely to fully reverse the house price growth recorded over recent years, with average property prices still some £45,000, or 19%, above pre-Covid levels," she added.