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please send me the monthly LSL Acad HPI for England & Wales
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LSL Acad HPI 

In 2003, Acadata pioneered use of Land Registry (LR) data for a mainstream house price index, launched by the Financial Times as the FTHPI. In 2010 LSL Property Services plc assumed the preparation costs from Acadata, rebranding the index as the LSL Property Services/Acadata HPI; now LSL Acad E&W HPI, Your Move Acad Scotland HPI; also Acad Wales HPI launched 2011.

Using a 2002/3 purpose built “index of indices” forecasting methodology developed by Dr Stephen Satchell at the University of Cambridge and Dr George Christodoulakis, then at City University, Acadata resolved the problem that only c.38% of sales are promptly reported to LR; an insufficient sample to be definitive. For finality, our LSL Acad HPI “forecast” is updated monthly until every transaction is included. Effectively, an October LSL Acad E&W HPI “final” result, published with the December LSL Acad HPI “forecast” is definitive.

Is this untimely? Not compared with the highly reputed USA S&P Case-Shiller HPI for which e.g. the October 2012 was published on 26th December. Since this Case-Shiller index provided an average of the August, September and October results, the results were effectively centred on September, meaning a 3 month lag. An October LSL Acad HPI “final” is averaged over September, October and November, centred on October and published 11th January; a 2½ month lag. For serious users, we believe that only Land Registry and Registers of Scotland (RoS) provide the factual data requisite for definitive HPIs and that a delay before the results are final is a worthwhile price to pay.

Indices seek to provide an accurate measure of house price inflation. But our “Comparison of Indices” published in our monthly LSL Acad E&W HPI News Release shows by how much they frequently differ. Our “A 'True Measure' of House Price Inflation?" paper shows how closely or otherwise our LSL Acad E&W HPI “forecast” and other principal indices anticipate a calculated benchmark. Indices also measure the level of house prices as well as their monthly and annual changes. Our "Which House Price Index?" paper explains.

As FTHPI, our index was chosen by the Chicago Mercantile Exchange, the world's largest derivative exchange, for a possible residential house price derivative, put on hold by the 2007 financial crisis. LSL Acad E&W HPI is released for publication on the Thursday before the second Friday of every month. Our Your Move Acad Scotland HPI and Acad Wales HPI follow for downloading from our website. The downloadable documents below include our latest News Release and full historic data series.



JUNE KEY LSL Acad E&W HPI STATISTICS
 
Index
270.4
Average House Price
£278,849
Monthly Change
0.3%
Annual Change
4.1%
 
MAIN POINTS
  • House price growth at two-year low, but sales jump 15% in June

  • Annual property price growth slows to 4.1% in June – smallest yearly rise since August 2013

  • But standing at £278,849, the average house price in England and Wales hits new high

  • Home sales soar 15% month-on-month, as buyers spring back into action after General Election lull

  • London only ranks seventh in regional growth tally, with annual price rises falling to 1.8% in June
 

MAY KEY YOUR MOVE Acad SCOTLAND HPI STATISTICS
 
Index
236.9
Average House Price
£180,892
Monthly Change
-2.1%
Annual Change
10.3%
 
MAIN POINTS
  • House prices resilient in face of tax disruption

  • Scottish house prices up 10.3% since May 2014 – twice the annual growth seen in England & Wales

  • But 2.1% monthly correction in wake of new LBTT in May, with only one £1m+ home sold in two months

  • Home sales down 10% month-on-month in May, following the pre-LBTT spike of top-end transactions

  • Glasgow house prices finally surpass 2007 levels, reaching new record of £146,286 after high demand
 

MAY KEY Acad WALES HPI STATISTICS
 
Index
250.1
Average House Price
£163,094
Monthly Change
-0.6%
Annual Change
2.8%
 
MAIN POINTS
  • Average house price falls by £973 in May, equivalent to -0.6%

  • Annual rise of +15% in Merthyr Tydfil

  • Terraces most popular property type in larger conurbations

  • Transactions +14% higher than in April
 

AVAILABLE HERE

LSL Acad E&W HPI June 15 published 9th July 15 News Release and accompanying:

Your Move Acad Scotland HPI May 15 published 15th July 15 News Release and accompanying:

Acad Wales HPI May 15 published 22nd July 15 News Release and accompanying:

LSL Acad HPI Archive

Comparison of house price growth over the past 10 years

 

 

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