According to property tracking website Rightmove, U.K. house prices rose 1.3% in March, after a 2.9% increase in February.

"While the start of 2016 has seen an encouraging but modest uptick in the number of properties coming to market, demand and momentum have combined to push prices over £300,000," Rightmove director and housing market analyst, Miles Shipside, said.

On a yearly basis, house prices in the U.K. climbed 7.6% in March, after a 7.3% increase in February.