According to the latest report released, the property prices are rising across the UK, even in areas beyond London and the south-east.

Anew report by data from property researchers Hometrack showed that prices up in more than half the country for the first time in a decade. The prices rose 51 per cent of postcodes in February inEngland and Wales. The average prices rose 0.7 per cent, which is the biggest monthly rise since April 2007.

Hometrack director Richard Donnell said, "The housing recovery continues to spread across the country, building on the momentum that started a year ago. This is the greatest coverage of house price growth for almost a decade showing the extent to which market sentiment has improved in the last 12 months."

The report showed that London recorded the highest gains around the country at 1.1 per cent in a month. South-east property prices rose 0.9 per cent during the period. The average prices rose the fastest in England and Wales average. The housing market in the UK has recovered due to supportive schemes form the government as customers looked to increase demand while the supply remained low.