House prices have risen as a result of good consumer confidence, according to a survey of the property market.

According to the Royal Institute of Chartered Surveyors, the three months to the end of January saw prices in England and Wales increase at double their average rate since 1978.

Forum Response: Royal Institute of Chartered Surveyors

Ian Perry, residential housing spokesman at the Royal Institute of Chartered Surveying, told ePolitix.com: "The housing market is showing considerable strength right across the board, from prices through sales to new enquiries.

"The fear of recession, which had held people back at the end of the year, has largely disappeared, as has the downturn in the market following September 11th. This is reflected in the renewed confidence we are seeing from homebuyers, and rising prices.

"The market recovery has been extended through all types of housing, and looks set to continue in the coming months, although the increasing number of job losses being reported in the media could have a restraining influence on the market should they continue."