The average number of house sales per estate agent has increased to 10 a month in May, up from nine in April. By comparison, seven properties a month were sold in May of 2012.

The data comes from the National Association of Estate Agents, which also reported a rise in those seeking properties across the UK.

The average number of potential buyers per agent was 313 in May, a modest rise of 3 on April, but far more than the 274 registered in May of last year.

The data supports the belief that the property market is experiencing sustained growth.

Government initiatives such as the Funding for Lending scheme and an improvement in consumer confidence are behind the return to growth, experts believe.

NAEA managing director Mark Hayward said: “These really are encouraging figures – serious house hunters are continuing to enter the market and they are intent on buying.”

While the property market is showing encouraging signs, the first time buyer segment is not doing so well, with 20 per cent of purchases by first time buyers in May, compared with 23 per cent in April. Difficulty in coming up with a big enough deposit was highlighted in the NAEA report as a key reason why first time purchasers were unable to get on to the property ladder.