The house price index is based on month-on-month (m/m) figures from The Nationwide and Rightmove. Both figures will compare June's price index against the previous month of May. It will also provide an overview of the performance during June in comparison to the same time last year.

The Nationwide figures look into house prices against mortgage approvals with Rightmove looking into asking price figures.

The Nationwide house price index reported a rise of 0.1% during June against the previous month with the average house now worth £170,111, the highest it has been since June 2008. Year on year figures show an 8.7% rise with the average house during June 2009 worth just £156,442.

According to Rightmove June recorded a 0.3% rise in new sellers' asking price against the previous month with the average asking price of a property now at £237,767. The results have also shown a 5% increase against June 2009 with the average asking price then £226,436.

The Nationwide saw a lower rise than recent months in June of just 0.1%. However, prices have now gone up 13 of the last 14 months at a consistent level with year on year figures still performing well.

Rightmove highlighted that since the suspension of HIPs there has been a 22% increase in the number of sellers coming to the market since May 2010 with new listings now up 56% nationally compared to June 2009. Rightmove believe that this surge will tail off, but higher seller numbers and increased competition are factors that sellers will have to consider when setting their house price.