Data from Halifax shows that UK house prices rose by 0.6% in January, almost completely reversing the previous month's decline.
House prices fell by -1.8% in the three months to January compared with a year ago, taking the average price of a home to £160,907 (€194,177).
"The continuing very low level of interest rates has helped to support housing demand, resulting in little overall movement in house prices since last spring," said housing economist Martin Ellis.
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Estate agents here have insisted that there has been a bright start to 2012 and they will hope that will follow suit with price rises in certain areas of the country.