Asking prices for homes in the UK are continuing to rise, new research has shown.

According to the latest House Price Index report from Rightmove, the average asking price for property currently stands just shy of £250,000. Surpassing the previous highest level recorded in June 2012, the typical value is now £249,841.

The London market in particular has seen marked price increases, with the average level coming in at over £500,000 for the first time.

Miles Shipside, director and housing market analyst at Rightmove, explained suggestions of a recovery are not applicable across the board, as individuals without access to a significant deposit continue to struggle.

Mr Shipside stated: "They must wait patiently until January when the Help to Buy scheme extends to the resale market - unless new homes developers can increase building dramatically."

It was demonstrated that asking prices have risen for the fifth month in succession, with all regions currently sitting in positive territory.