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What is the “The Average House Price”?...
Posted: 22/10/2019

Some interesting thoughts There are two different methods of calculating the average price in use at the moment – the Arithmetic mean and the Geometric Mean. For August 2019 the ONS House Price Index reported that the average house price in England & Wales (seasonally adjusted) was £242,103. This compared to Acadata’s (seasonally adjusted) average […]

The changing nature of property sales
Posted: 26/09/2019

HM Land Registry’s Price Paid Dataset and its Scottish counterpart provide invaluable information about housing market developments, but by no means tell the whole story. The ONS House Price Index reports offer additional interesting insights, for example concerning changes in how property purchases are funded. One after-effect of the global financial crisis was to give […]

Edinburgh transactions of £750k or higher
Posted: 20/09/2019

The table shows the number of transactions per month in Edinburgh that are equal to or greater than £750k. The threshold of £750k has been selected as it is the breakpoint at which the highest rate of LBTT becomes payable. As can be seen from the table, the number of such sales in 2019 has […]

The E&W Housing Market August 2019
Posted: 16/09/2019

Our expectations of a strong housing focus in the recent 2020 spending review were dashed. Somewhat surprisingly, housing was not seen as a national priority for spending, with the emphasis firmly on areas such as the NHS, law and order and local government. This marked a clear change of emphasis from the previous government: however, […]

Scotland house prices June 19
Posted: 23/08/2019

The graph shows the average house price in Scotland over the last five years. The two main features of the graph are firstly: the sudden rise in average house prices that took place in March 2015, one month ahead of the introduction of the then new stamp duty on house purchases, known as LBTT. The […]

Price points
Posted: 21/08/2019

Did anyone notice? Taking June as an example, the ONS UKHPI release for the month showed average house prices of £247,000 for England and £164,000 for Wales. By contrast the July LSL Acadata HPI average for England &Wales was £300,886. This is a significant difference but it doesn’t seem to prompt much debate even amongst […]

Greater London bounces back
Posted: 19/08/2019

The house price recovery that began in the spring has been sustained. In July, the average of all prices paid for homes in England & Wales has seen further growth, with the annual rate increase of 0.7% edging towards 1%, but still falling in real terms. Although in June all the northern and midland regions […]

Scotland Transactions analysis
Posted: 26/07/2019

In February 2019, the latest month for which the official ONS statistics are published, transactions in Scotland totalled 5,387 properties. This was an 18% fall on the previous month, against a seasonal decrease of 12% (based on the last seven years data, excluding 2016), so sales volumes were 6% below that which would be normally […]

E&W Housing transactions June 2019
Posted: 26/07/2019

Based on Land Registry counts for England & Wales in June 2019, we estimate there were 77,000 transactions – a +10% increase on our (revised) estimate of 70,000 sales in May. That is the good news: however, a seasonal rise in sales volumes of +12.3% would be expected in June, based on data for the […]

E&W House Prices June 2019
Posted: 26/07/2019

Spring through early summer are peak home buying months and we would expect significant activity in terms of transactions and to some degree in prices. However, in June the annual rate of house price growth for England & Wales rose by just +0.1% including London and the South East, or by +0.8% excluding these two […]