Logo     Strapline  
About Acadata What We Do Contact Us  
Risk  
House Prices  
LSL Acad HPI  
House Price Data Series  
House Price Calculator  
Reference  
   
 
 
send me the monthly LSL Acad HPI
Deco

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, LSL Acad Scotland HPI and 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 October 2012 which 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 2 1/2 month lag. For serious users, we believe that only LR and Registers of Scotland (RoS) provide the factual data requisite for definitive HPIs and that a c.3 month delay before the results are final is a worthwhile price to pay.

Does our LSL Acad HPI “forecast” accurately anticipate the “final” results? How our “forecast” index is changed by additional transactions is shown in our monthly “Development of Forecasts” table. Is our “forecast” HPI the best guide to house price inflation? Our monthly Index Table shows the results of all major indices and our Comparison of Indices shows how this and other indices relate to “final”. Why is our LSL Acad E&W HPI average house price higher than that shown by the Land Registry HPI and the lenders? Our House Price Frequency Distribution discusses.

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 second Friday of every month. Our LSL 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.



MARCH KEY LSL Acad E&W HPI STATISTICS
 
Index
252.1
Average House Price
262,291
Monthly Change
1.0%
Annual Change
7.2%
 
MAIN POINTS
  • House prices climb 17,500 in 12 months, but sales slow in March

  • Prices hit record 262,291 with highest annual rise since September 2010

  • Lightning fast growth in London: prices rise twice as fast as any other region

  • Sales stall in March as poor weather and shortage of homes takes its toll
 

FEBRUARY KEY LSL Acad SCOTLAND HPI STATISTICS
 
Index
201.5
Average House Price
160,678
Monthly Change
0.2%
Annual Change
3.6%
 
MAIN POINTS
  • Help to buy drives Scottish housing recovery further in February

  • Average prices climb 5,584 in last twelve months

  • All seven cities in Scotland see house price growth over the past year

  • Prices in Aberdeen climb 12% since February 2013

  • Inverclyde tops table for both sales and price rises
 

JANUARY KEY Acad WALES HPI STATISTICS
 
Index
242.9
Average House Price
157,458
Monthly Change
0.3%
Annual Change
3.1%
 
MAIN POINTS
  • Welsh house prices rise by 495 in January

  • Prices have risen in seven of the last twelve months

  • Annual rise of 3.1% biggest since August 2010

  • Price volatility in Wales much reduced
 

AVAILABLE HERE

LSL Acad E&W HPI March 14 published 11th April 14 News Release and accompanying:

LSL Acad Scotland HPI February 14 published 16th April 14 News Release and accompanying:

Acad Wales HPI January 14 published 26th March 14 News Release and accompanying:

LSL Acad HPI Archive

Comparison of house price growth over the past 10 years

 

 

Building
Acadata Limited
Registered Office: 226 Sheen Lane London SW14 8LD
Registered No 2786304

Go to Home View Site Map