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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

SEPTEMBER KEY LSL ACADATA E&W HPI STATISTICS

Index
289.9

Average House Price
£302,626

Monthly Change
-0.1%

Annual Change
0.9%

Main Points

Average house prices increase over the year but monthly slowdown continues

  • House price growth continues to slow, down to 0.9% annually, lowest rate in six and a half years
  • South East becomes the first region to report negative annual growth
  • Monmouthshire in Wales leads growth tables in the regions

JULY KEY YOUR MOVE ACADATA SCOTLAND HPI STATISTICS

Index
237.2

Average House Price
£181,075

Monthly Change
-0.4%

Annual Change
3.9%

Main Points

Battling on: Scotland weathers the change as property cools

  • Price growth of 3.9% more than double of England and Wales
  • Monthly prices down, but 27 of 32 authorities show annual growth
  • Edinburgh and Glasgow support market, accounting for a third of Scotland’s increase on a weight-adjusted basis

News & Associated HPI Data

LSL Acadata E&W HPI September 18
published 19th October 18 News Release and accompanying:

Your Move Acadata Scotland HPI July 18
published 21st September 18 News Release and accompanying: