The UK property market is more robust than some media reports are suggesting.

That is according to Assetz, which has published its House Price Watch for March.

It shows that annual inflation in the UK reached 3.9 per cent in the month, taking the average property price to £211,929.

Assetz pointed to the three and six month averages for property prices, showing that prices have stabilised at zero per cent since the start of 2008.

"The moving six and three month figures for average annualised house price growth have actually bounced back since January and while this figure is hovering at around zero per cent, I am confident that prices have now bottomed out and will not fall any further," said Assetz chief executive Stuart Law.

"It is now an excellent time to grab a bargain before the summer, when finances are likely to start to improve, increasing demand across the board and driving prices upwards again," he added.

The Assetz House Price Watch brings together results from all of the major UK house price indices.