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; 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.

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. Why is our LSL Acad E&W HPI average house price higher than that shown by the Land Registry HPI and the lenders? Our "Which House Price Index?" Briefing Note 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 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.



NOVEMBER KEY LSL Acad E&W HPI STATISTICS
 
Index
269.1
Average House Price
£280,733
Monthly Change
0.8%
Annual Change
11.3%
 
MAIN POINTS
  • House prices rise fastest since January 2005

  • Annual growth accelerates to 11.3% (£28,560) in November, buoyed by London and the South East

  • Average house price across England & Wales exceeds £280,000 for first time, after 0.8% monthly rise

  • Values climb across all regions in November 2014, but completed home sales squeezed by slow supply
 

OCTOBER KEY LSL Acad SCOTLAND HPI STATISTICS
 
Index
215.8
Average House Price
£164,798
Monthly Change
0.7%
Annual Change
5.7%
 
MAIN POINTS
  • House prices finally recover from referendum fears

  • Scottish property prices jump 0.7% (or £1,200) in October, as market confidence returns

  • Average house price in Scotland now stands only £717 below pre-recession peak in May 2008

  • Million-pound property sales soar after independence vote concludes and buoys top of market

  • Biggest annual rise in East Renfrewshire, but prices drop in East Lothian and Aberdeen City in October
 

OCTOBER KEY Acad WALES HPI STATISTICS
 
Index
250.1
Average House Price
£162,594
Monthly Change
0.9%
Annual Change
3.6%
 
MAIN POINTS
  • £1,450 average house price increase in Wales in October

  • Fifteen uninterrupted months of positive annualised rate of change

  • But four areas in Wales with negative annual house price growth

  • Transactions rise to 4,000 – an increase of 400 from last month
 

AVAILABLE HERE

LSL Acad E&W HPI November 14 published 12th December 14 News Release and accompanying:

LSL Acad Scotland HPI October 14 published 17th December 14 News Release and accompanying:

Acad Wales HPI October 14 published 17th December 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