Average prices decreased during the 12 months to November in all UK countries.
Northern Ireland felt the biggest impact with an average drop in house price of 11.7%.
England was the least affected with a price drop of just 0.1%.
House prices in Scotland fell 0.8% and house prices in Wales dropped 1.6%.
Prices paid by first-time buyers were 0.7% higher on average than a year earlier whilst prices paid by former owner occupiers decreased by 0.7%.
Prices for new properties were 7.7% higher on average than a year earlier whilst prices for pre-owned dwellings decreased by 0.9%.
London remains the English region with the highest average house price of £346,123.
Michael Brown, director of London-based estate agents The Property Lounge, said: “These figures from the tail end of 2011 paint a decidedly sorry picture of the housing market.
“Across the country as a whole, prices remained largely stagnant. Only in London has the market been accelerating towards the tape.
“Just as much of London's economy bucked the downturn seen elsewhere, demand in the capital remained strong, even if supply was sporadic.”
Brown added that 2012 was likely to repeat that pattern.
He said: “With interest rates so low, those who are already on the property ladder are seeing this as a good time to trade up.
“But sadly many first-time buyers are being squeezed out. While mortgages are cheap, lenders are still asking for big deposits - too big for many people who aren't already on the ladder.
“Not for nothing are first-time buyers considered the key to the housing market. With so many of them being left on the sidelines, things do not bode well for the future health of the market.”
