The Acadametrics Ltd. said that the United Kingdom house prices in February climbed at the quickest rate since September 2002, average cost of a house in Wales and England rose 1.9% from January to 222,008 pounds. The values of the homes are 4% lower their highest prices which were in February 2008.

The group also stated that transactions in January fell 52% from December to 36,000, which marked the lowest in 11 months.