Latest figures from the Land Registry show that all regions experienced a positive monthly change in their average property values.
The July increase of 1.7% in England and Wales is the strongest monthly growth since July 2004 and the third month in a row with a positive movement.
Wales experienced the greatest monthly rise with a movement of 3.1% and an average property value of £123,122.
Prices have not yet recovered to the point they were at last year, however. The average house price is now £155,885, 11.7% lower than at the same time last year.