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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

OCTOBER KEY LSL ACADATA E&W HPI STATISTICS

Index
291.6

Average House Price
£304,433

Monthly Change
0.4%

Annual Change
1.0%

Main Points

Prices up for first time in eight months

  • Annual price growth continues to slow but there are monthly price rises again
  • The South East and the North East report annual falls
  • East and West Midlands top the growth table

SEPTEMBER KEY YOUR MOVE ACADATA SCOTLAND HPI STATISTICS

Index
241.0

Average House Price
£184,030

Monthly Change
1.9%

Annual Change
5.1%

Main Points

Scotland house prices see gradual pick up

  • Annual prices up to 5.1%, from 3.5% in August
  • Lack of supply continues to push prices up
  • Annual prices up in 26 of 32 local authorities
  • Highest annual increase for second month in a row was Inverclyde at 12.2%

News & Associated HPI Data

LSL Acadata E&W HPI October 18
published 12th November 18 News Release and accompanying:

Your Move Acadata Scotland HPI September 18
published 16th November 18 News Release and accompanying: