The IPD UK Monthly Index rose 0.9% in February 2015 to 1,150.2.
The index is a benchmark measurement of ungeared total returns on standing property investments.
The rise indicated a 0.4% increase on capital and a 0.5% return on income.
Total returns for the 12 months to the end of February were 18.6%.
Equities were the strongest of the traditional asset classes in February with total returns of 3.3% but for the same 12 months to the end of February underperformed the real estate markets by 13.2%.