Property costs increased by 0.2% between January and February 2013.
The cost of buying a property in the UK has risen by 0.2% since the end of January 2013.
According to the Nationwide House Price Index, the average cost of a house in the UK was £162,638 at the end of February 2013.
This is an increase from £162,245 from the month before, although the average value in February 2013 remained unchanged from February 2012.
Robert Gardner, Nationwide’s Chief Economist, said this demonstrates the trend of “broad stability” that has been shown over the last couple of years.
He stated: “There are reasons for cautious optimism that activity will gather momentum in the months ahead.”
This includes the rise in employment levels, which will help increase the demand for properties.
Mr Gardner went on to say any progress “is likely to be gradual”, despite there being several signs of a wider economic recovery.
In last month’s index, Nationwide revealed prices rose by 0.5% in January, although values remained unchanged from November to December 2012.