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House Price Indexand Key Statistics

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Annual regional changes. Hover over map for detail.
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House Price Index

The e.surv Acadata E&W HPI is based on every residential property transaction in England and Wales, and is designed to provide a true measure of house price inflation.

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 e.surv Acadata HPI (England and Wales)) and Your Move Acadata Scotland HPI (now Walker Fraser Steele Acadata HPI (Scotland)). The Principality HPI for Wales was also launched in 2017.

Whilst the Land Registry (LR) is the only source of the final prices at which residential property is sold (including properties bought with cash- which are excluded from mortgage-based data), the problem exists that only c.38% of sales are reported in a timely fashion to the LR. These “emerging” data are insufficient to be definitive, which meant that LR data were long regarded as too “untimely” to be useful. Acadata resolved this problem using a custom-built “index of indices” methodology developed by Dr Stephen Satchell at the University of Cambridge and Dr George Christodoulakis, then at City University. The model provides the emerging % Monthly change to the average house price for both the current month and the month ahead. These are used in our e.surv Acadata E&W HPI initial release issued shortly after each month end.

Key Statistics

February Key e.surv Acadata HPI (England and Wales) Statistics

Index
349.6

Average House Price
£363,249

Monthly Change
0.8%

Annual Change
-2.9%

Main points

Prices up by £3,000 in February

  • …largest rise in prices in the last 17 months
  • Three northern regions top growth league table
  • Transactions remain at lowest levels since 2013

January Key Walker Fraser Steele Acadata HPI (Scotland) Statistics

Index
290.4

Average House Price
£221,693

Monthly Change
0.0%

Annual Change
0.2%

Main Points

Scotland’s house prices show varying regional fortunes …

  • Rising prices in 16 local authorities over year, as in December
  • Midlothian has highest mainland annual growth rate in January at 9.9%…
  • …and City of Edinburgh the largest weighted fall in prices annually
  • 2023 total transactions lowest since 2013