House prices went up 0.4% in February, so says Hometrack, usually one of the most pessimistic surveys out.
The property research company has found that house prices have increased for three months consecutively, with the average value of a property reaching £161,700.
The 0.4% increase in the previous four weeks is the highest monthly rise since June 2004.
There are many more home buyers coming onto the market, with an approximate increase of 26% in the number of buyers entering the market.
This has driven prices higher as sellers do not respond to meet this demand, with the number of properties on the market decreasing due to high levels of activity in the last few months of 2005.
London witnessed the greatest imbalance, with a 35% increase in new buyers, but just a 10% rise in the number of homes for sale .
There have also been slight decreases in average house prices in South Yorkshire, North Lincolnshire and the East Riding of Yorkshire.
Given price rises in most areas over the last month, Hometrack wonders whether there has been a real resurgence or just a temporary phenomenon.
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