4th March 2005

 

FT House Price Index February 2005

 

The seasonally adjusted monthly rate of house price inflation for February was 0.5%, maintaining the level of fourth quarter 2004. The FT House Price Index shows a continuing steady fall in the annual rate of house price inflation down to 10.2% this month. This fall looks set to continue during the first quarter 2005. The FT House Price Index is calculated by Acadametrics and foreshadows the Land Registry, the only complete measure of domestic property prices.

 

We estimate the FT House Price Index, on a seasonally adjusted basis, as follows:

 

 

 

House Price

Index

Monthly Change %

Annual Change %

February 2005

187,515

179.8

0.5

10.2

January 2005

186,542

178.9

0.4

10.7

December 2004

185,804

178.2

0.5

11.2

November 2004

184,866

177.3

-0.1

11.9

October 2004

184,998

177.4

0.6

13.9

September 2004

183,832

176.3

0.8

15.6

 

 

The FT House Price Index depicts the underlying trend in House Prices. This continues to show a steady decline in the annual rate of house price inflation since the peak of last June and an average monthly rate of house price growth of around 0.5% since September 2004.

 

 

 

 

 

FT House Price Index results to Dec 04 are based on Land Registry published data, smoothed, seasonally adjusted but not mix adjusted, revised with updated LR results as available. From Jan 05 to current month, FT House Price Index monthly forecasts of updated LR house price results are shown.

 

Also see www.ft.com/houseprices

www.acadametrics.co.uk