The average UK house price has surpassed £250,000 for the first time, according to property website Rightmove.

Across England and Wales, house prices have risen by 10% over the last six months.

Activity across the housing market appears to be increasing following the introduction of the Government’s Help to Buy scheme, unveiled in the March budget – but which does not fully kick-in until January 2014.

Average house prices rose by 1.2 per cent, to £252,798.

In London, average house prices have surpassed the half-million mark, at £515,243.

Critics argue that the Help to Buy scheme may be creating a housing bubble, while others remain upbeat about the news, including Rightmove, which reported the figures as: "early evidence of a wider recovery".

The north-east, Yorkshire and Humberside, Wales and East Anglia all saw small drops in average house prices.

While house builders say the Help to Buy scheme has given them a much-needed boost, the scheme has faced criticism from the Governor of the Bank of England, Sir Mervyn King, the International Monetary Fund and economists in the City of London.

The fear among some is that prices with be over-inflated, pricing young would-be buyers out of the market, or placing huge debt on those who buy when the price is high.

Housing bubble?

Are you one of our home or landlords building insurance customers with an opinion on the recent large house price increases? Do you think a housing bubble is being created? Or do you believe these figures suggest a genuine recovery is underway?