Menu

House Price Indexand Key Statistics

Go to Home View Site Map
Annual regional changes. Hover over map for detail.
Annual % Change
Tap region to see details
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

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

Index
331.1

Average House Price
£343,658

Monthly Change
0.5%

Annual Change
13.4%

Main points

House price growth rates continue to climb strongly in England and Wales

  • Prices increase by a startling 20% in Greater Manchester and Merseyside
  • London has lowest growth rate, with annual price falls in 10 boroughs

April Key Walker Fraser Steele Acadata HPI (Scotland) Statistics

Index
266.3

Average House Price
£203,292

Monthly Change
-1.5%

Annual Change
10.2%

Main Points

House prices fall as tax-holiday ends

  • April transactions down by 35% in the month
  • 25 Local Authorities see average price falls, compared to 25 with rises in March
  • Average prices remain 10% higher than a year earlier