The asking prices by UK home vendors had their biggest year-on-year jump since 2007 in February.
Property website Rightmove says asking prices have risen to STG251,964 ($A467,800) on average across England and Wales, which is 6.9% higher than a year ago as demand from would-be buyers continues to strengthen.
This is the highest annual rate of growth since November 2007 and means that new sellers are now asking over STG16,000 ($A29,706) more for their home than those who came to market a year ago.
On a month-on-month basis, asking prices were ramped up by 3.3% across the country, although Rightmove said that signs that more sellers are starting to coming to market could have a calming effect on prices in some areas the coming months.
Every region saw year-on-year growth in asking prices, from a 11.2% year-on-year increase in London, which took average prices to STG541,313 ($A1.01 million), to a 0.1% uplift in the North East, pushing typical prices to STG142,372 ($A264,340).
In Wales, asking prices are up by 2.3% year on year, to reach STG165,055 ($A306,450) on average.
Rightmove said there was a "welcome jump" in the number of properties coming to market this month.
