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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 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.



JULY KEY LSL Acad E&W HPI STATISTICS
 
Index
271.0
Average House Price
£279,515
Monthly Change
0.3%
Annual Change
3.7%
 
MAIN POINTS
  • Strongest July for home sales since 2007

  • Monthly sales surpass 2014 levels for first time this year – following 13% boost in July, and driven by growth in North

  • House price rises accelerating across six regions – and East Anglia leads the way with 6.3% annual increase

  • Crossrail investment pushes Reading property prices up by 15.2% in the past year, the fastest rise across the country
 

JUNE KEY YOUR MOVE Acad SCOTLAND HPI STATISTICS
 
Index
221.6
Average House Price
£169,227
Monthly Change
2.6%
Annual Change
1.2%
 
MAIN POINTS
  • Scottish house prices jump £4,331 in June

  • On a monthly basis, property price growth gets back into its stride with a 2.6% boost during June

  • Driven by a revival in million-pound home sales in Scotland, after LBTT stifled top-end of market

  • Home sales surge 25% since May, reaching the highest monthly total since July 2014

  • Glasgow sees strongest jump in sales activity in Q2, up 18% in the past year on back of popularity for flats
 

JUNE KEY Acad WALES HPI STATISTICS
 
Index
249.3
Average House Price
£162,602
Monthly Change
-0.4%
Annual Change
1.7%
 
MAIN POINTS
  • Average house price declines by £574 in June, equivalent to -0.4%

  • Prices rise by more than +10% for second month in Merthyr Tydfil

  • Wales has lowest regional annual average price rise at +1.7%

  • Transactions up by +8% over May
 

AVAILABLE HERE

LSL Acad E&W HPI July 15 published 13th August 15 News Release and accompanying:

Your Move Acad Scotland HPI June 15 published 19th August 15 News Release and accompanying:

Acad Wales HPI June 15 published 26th August 15 News Release and accompanying:

LSL Acad HPI Archive

Comparison of house price growth over the past 10 years

 

 

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