House prices across the UK have risen 10% since 2013, according to official Government figures.

The Office for National Statistics figures saw prices rise by 0.2% between October and November and 10% since November 2013.

The average house price for this most recent period was 0.8% - or £3,000 - off its August 2013 all-time high of £274,000.

Stamp duty boost

While there have been a number of reports claiming the market has cooled off, these figures suggest otherwise.

And with an overhaul of the stamp duty legislation having come into effect in December 2014, some are predicting a market boost in the early part of 2015.

Howard Archer, chief UK and global economist for IHS Global Insight, suspects the market may have already bottomed out and is predicting a limited pick up in 2015.

London leading the way

Average prices in London have passed the half a million pound mark thanks to a massive 15.3% rise over the last year.

An average home in London will now cost around £501,000 – nearly double the UK average and three and a half times that of Northern Ireland, which has seen average prices rise by 11.7% to just £147,000.

Elsewhere, average prices in Wales are up by 3.1% to £171,000 and Scotland is up 4.4% to £194,000.

Outside of London, the English regions with the biggest growth were the East (11.9%), the South West (10.8%) and the East Midlands (7.8%).

Close to all-time highs

August 2013 saw a number of UK regions hit all-time highs. While no region in the recent figures have reached those levels, many are getting close.

Across England prices are just 0.8% below their record levels, though are 13% up on the pre-recession peak of 2008.

Scotland is 3% below its record high, while Wales is 0.9% below.

However, prices in Northern Ireland are a way off their previous peak levels, which were recorded in August 2007 - a massive 43% below the pre-financial crisis peak.