House prices continued rising in August, new figures have indicated.
Data from the Department of Communities and Local Government for the month showed that the average mix-adjusted price rose by 0.5 per cent, with a 2.6 per cent rise over the quarter.
This contrasted with a 1.7 per cent dip over the previous three months and adds to the evidence that a recovery is taking place.
However, the value of homes is still down on an annualised basis, although this may encourage those looking for more affordable homes.
First-time buyers had to pay 6.6 per cent less than a year before, compared with 5.3 per cent for those moving house.
New-build homes also revealed a fall in value over the year of 9.9 per cent, compared with 5.3 per cent for pre-existing dwellings.
Other recent surveys showing a rise in prices include the Halifax survey for September, which showed a 1.6 per cent increase during the month.