The monthly house price index also shows an annual price increase of 8.5 per cent since April last year.
Figures show an increase in the average house price across all regions in England and Wales in the past 12 months. London experienced the highest increase, with house prices rising by 14.8 per cent over the year. Yorkshire & Humberside experienced the lowest growth in prices over the year, registering a 0.7 per cent increases in house prices.
The North East registered the biggest monthly increase in house prices with a movement of 3.1 per cent, whereas Yorkshire & Humberside experienced the biggest monthly fall with a drop of 2.2 per cent.
The most up-to-date figures available show that during February 2010, the number of completed house sales in England and Wales rose by 49 per cent to 40,502 from 27,190 in February 2009.