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House Price Indexand Key Statistics

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House Price Index

The LSL Acadata 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 LSL Acadata E&W HPI), Your Move Acadata Scotland HPI. 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 LSL Acadata E&W HPI initial release issued shortly after each month end.

Key Statistics

JANUARY KEY ACADATA E&W HPI STATISTICS

Index
295.0

Average House Price
£304,280

Monthly Change
0.1%

Annual Change
0.8%

Main Points

House prices over last decade grew by 43% (in money terms)

  • Transactions in 2019 down by 5.5% on 2018
  • Wales tops GOR annual house price growth area table for 6th time in 2019
  • Average prices in City of Westminster exceed Kensington & Chelsea for the first time in twenty years

NOVEMBER KEY ACADATA SCOTLAND HPI STATISTICS

Index
245.0

Average House Price
£187,068

Monthly Change
0.9%

Annual Change
1.8%

Main Points

November has highest monthly price growth since September 2018

  • Scotland’s Housing is second most affordable in GB
  • Highest annual price growth in November was in Shetland Islands at 15.5%
  • Housing transactions in Scotland to the end of August are up 2% on 2018

News & Associated HPI Data

Acadata E&W HPI January 20 
published 17th February 20 News Release and accompanying:

 

The February Acadata E&W HPI
will be published on Monday 16th March

Acadata Scotland HPI November 19
published 24th January 20 News Release and accompanying:

 

The November Acadata Scotland HPI
will be published on Friday 21st February