According to a survey from Markit Economics and Knight Frank published on Friday, the Knight Frank/Markit House Price Sentiment Index for the U.K. increased to 59.6 in February from 58.7 in January. It was the highest level since October 2014.

The biggest rise in house price expectations was recorded in London, while the modest rate was recorded in Scotland. Households in all UK regions expect house prices to increase over the next 12 months.

"February's survey highlights a continuation of the steady upward trend in UK house price sentiment from the pre-election lows seen in early 2015," Markit's senior economist, Tim Moore, said.