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please send me the monthly LSL Acad HPI for England & Wales
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, 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 second Thursday 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.


Annual % change
 
    -7.8%
     
     
     
     
     
     
     
     
    9.8%
     
     

MAY KEY LSL Acad E&W HPI STATISTICS
 
Index
286.6
Average House Price
£293,599
Monthly Change
-0.4%
Annual Change
6.8%
 
MAIN POINTS
 
House prices slump before EU referendum
 
  • Property values dip 0.4% in May – steepest fall since November 2011 as the housing market holds its breath

  • London’s house prices fall by 0.3% (£1,769) month-on-month due to uncertainty ahead of upcoming EU referendum

  • Weakest May for home sales in five years, after stamp duty surcharge caused a rush of buy-to-let sales in March

  • But house prices in Slough defy the trend, jumping 23.3% year on year, with values lifted by Crossrail and new tech jobs
 

APRIL KEY YOUR MOVE Acad SCOTLAND HPI STATISTICS
 
Index
223.5
Average House Price
£170,667
Monthly Change
0.0%
Annual Change
-7.8%
 
MAIN POINTS
 
Property tax change boosts Scottish home sales
 
  • Home sales jump 11% annually in the first year of LBTT, compared to the twelve months before the tax

  • However, average house prices are down 7.8% year-on-year, due to a lack of higher value home sales

  • House prices hold in April, despite the new LBTT surcharge on buy-to-let properties and second homes

  • Uplift in Edinburgh and Clackmannanshire home values, but house prices dip in majority of local areas
 

APRIL KEY Acad WALES HPI STATISTICS
 
Index
260.7
Average House Price
£171,110
Monthly Change
-0.2%
Annual Change
3.9%
 
MAIN POINTS
 
Smallest transaction numbers since April 2013
 
  • At +3.9%, largest annual rise since January 2015

  • New peak price in Rhondda Cynon Taff, and again in Monmouthshire

  • Second month in succession - Merthyr Tydfil annual fall of -5.3% largest in England & Wales

  • Vale of Glamorgan - 25% rise in detached sales Apr 14-May 15 compared to Apr 15-May 16
 

AVAILABLE HERE

LSL Acad E&W HPI May 16 published 10th June 16 News Release and accompanying:

Your Move Acad Scotland HPI April 16 published 15th June 16 News Release and accompanying:

Acad Wales HPI April 16 published 22nd June 16 News Release and accompanying:

LSL Acad HPI Archive

Comparison of house price growth over the past 10 years

 

 

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