Property prices are on the up, new figures reveal.
Over the course of last month, house values rose by 0.1 per cent, Hometrack reveals, the first increase to have been noted since July 2007.
However, while such a rise comes after three successive months of property values remaining unchanged, the organisation points out that the housing market continues to experience great difficulty.
Indeed, just three parts of the country – the south-east, East Anglia and London – saw increases in August.
Overall, 89 per cent of postcode districts saw property values stay static last month.
However, those looking to take steps to boost the value of their home may want to consider carrying out DIY.
Richard Donnell, Hometrack’s director of research, claims that although the headline results of the study can at face value indicate the beginning of a recovery, "the reality is quite different".
Meanwhile, Lloyds TSB Scotland recently revealed that average property values in the region fell by 1.4 per cent in the second quarter of 2009, compared to the 4.3 per cent decline seen between January and March.