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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

FEBRUARY KEY LSL ACADATA E&W HPI STATISTICS

Index
296.6

Average House Price
£303,189

Monthly Change
0.5%

Annual Change
1.0%

Main Points

House prices continue to rise in February

  • Prices have risen in every month since August 2019
  • Wales remains top of the annual regional growth table at 3.2%
  • 21 of the 33 London boroughs see prices increase over the last twelve months

JANUARY KEY YOUR MOVE ACADATA SCOTLAND HPI STATISTICS

Index
245.7

Average House Price
£187,626

Monthly Change
0.1%

Annual Change
2.8%

Main Points

January sees modest rise in Scotland’s house prices

  • On a weight-adjusted basis, Glasgow accounts for the highest rise in Scotland’s average price
  • Housing transactions in Scotland to the end of October are up 2% on 2018
  • Scottish Borders has largest both monthly and annual increase in price

News & Associated HPI Data

LSL Acadata E&W HPI February 20 
published 16th March 20 News Release and accompanying:

Future News Releases

One side-effect of the Government’s efforts to deal with the coronavirus pandemic has been to significantly disrupt the volume of housing market activity and the timely flow of market statistics from the Land Registry. As things currently stand, we do not expect to publish our monthly house price indices in April, May and June.

However, we have produced this analysis of the March 2020 market, which we hope you will find of interest.

An Acadata Briefing: What can one learn from 4,500 sales?

We are monitoring the situation regarding the availability of data on a daily basis, and will let you know as soon as circumstances allow for a return to our normal schedule. Thank you for your understanding.