House price growth is showing "tentative signs of moderation", according to the UK's second biggest mortgage lender.
Nationwide said prices in March rose by 0.4%, compared with a 0.7% rise the previous month.
However, on an annual basis, house price inflation continued to rise, to 9.5%, up from 9.4% in February.
Meanwhile, the gap between house prices in London and the rest of the UK has reached a record.
Average values in the capital are now more than double those in the rest of the UK, at £362,699.