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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
 
    -9.7%
     
     
     
     
     
     
     
    11.0%
     
     
     

APRIL KEY LSL Acad E&W HPI STATISTICS
 
Index
291.6
Average House Price
£298,030
Monthly Change
1.0%
Annual Change
8.9%
 
MAIN POINTS
 
London house prices break through the £600k barrier
 
  • Home values in London double over the last seven years, rising 11% year-on-year in April – more than any other region

  • Fastest year-on-year house price growth across England & Wales since December 2014 – up 8.9% annually in April

  • Record high for house prices in 9 of the 10 regions, with overall average home values now approaching £300,000

  • April sees 20,000 fewer sales than usual during the month, after March’s stamp duty rush squeezes supply of homes
 

MARCH KEY YOUR MOVE Acad SCOTLAND HPI STATISTICS
 
Index
221.8
Average House Price
£169,379
Monthly Change
0.8%
Annual Change
-9.7%
 
MAIN POINTS
 
Scotland’s home sales shoot up 21% since February
 
  • • Strongest March for homes sales in eight years, as BTL landlords rush to beat the new LBTT surcharge

  • • Midlothian sees record high house prices and the fastest increase in sales, rising 48% in Q1 year-on-year

  • • Scottish property values jump 0.8% month-on-month in March – the quickest rise since August 2015
 

MARCH KEY Acad WALES HPI STATISTICS
 
Index
263.7
Average House Price
£172,610
Monthly Change
0.6%
Annual Change
3.9%
 
MAIN POINTS
 
At +3.9%, annual change is highest since January 2015
 
  • Highest March transaction total since 2007 - effect of new tax regime?

  • New peak prices in Monmouthshire, Isle of Anglesey, Swansea and Bridgend

  • Merthyr Tydfil sees annual fall of -5.7%, largest of any England & Wales authority

  • March transaction total of 5,000 highest since August 2007 - but distorted by April 1st stamp duty change
 

AVAILABLE HERE

LSL Acad E&W HPI April 16 published 12th May 16 News Release and accompanying:

Your Move Acad Scotland HPI March 16 published 18th May 16 News Release and accompanying:

Acad Wales HPI March 16 published 25th May 16 News Release and accompanying:

LSL Acad HPI Archive

Comparison of house price growth over the past 10 years

 

 

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