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silver surfer

Latest House Price Indices

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Acadametrics data out today, so everyone apart from Land Registry and CLG everyone has published their May data. Annual summaries as follows,

Nationwide, -1.2% (based on agreed prices for mortgaged properties)

Halifax, -4.2% (based on mortgage offers for mortgaged properties)

Acadametrics, +1.1% (based on Land Registry data, index of indices model)

Land Registry, -1.3% (April data, actual completion prices)

Rightmove, +0.7% (based on asking prices)

Hometrack, -3.7% (based on EA estimated local prices)

CLG, +1.2% (March data, based on mortgage completion prices)

So take your pick, over the past 12 months house prices are anywhere from down 4.2% to up 1.2%.

Edited by silver surfer

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CLG, +1.2% (March data, based on mortgage completion prices)

Other House Price Indices

There are several house price indices available from commercial sources. The Department for

Communities and Local Government (DCLG) index shows a similar trend in annual house price rates to

other indices. Differences will be affected by differences in the data and methodology used to compile the

index. For example, the DCLG index uses expenditure weights, whereas other indices use transaction

weights. Consequently, the DCLG index is influenced by house price growth rates in the higher priced

areas (which are currently in the South) where house prices - and therefore total expenditure on house

buying - is highest. Similarly, regional rates of change in house prices determined by the DCLG Index are

more influenced by the market for the higher priced properties (i.e. the demand for detached houses).

Furthermore, the DCLG house price index figures are based on completions. Some other indicators are

based on asking prices or mortgage approvals and reflect activity in more recent periods. There is a lag

between mortgage approval and mortgage completion. Therefore the DCLG Index is not directly

comparable with these other indicators.

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which of those are mix-adjusted? (everything else must be ignored as statisitcally flawed)

Not in the long run.

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which of those are mix-adjusted? (everything else must be ignored as statisitcally flawed)

Well, you might argue that any index that restricts itself to mortgaged properties, at a time when mortgage availability is exceptionally low and cash purchases are about 40% of the market, is also statistically flawed!

I guess they've all got their good and bad points, bottom line is that the indices taken together are saying prices over the past year haven't moved massively.

Let's hope the next year shows a bit more downwards vigour. Personally I'm hoping the next six to nine months shows an accelerated drop as, after STRing at the end of 2005, I'm planning on buying by Spring 2012.

Edited by silver surfer

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  • 311 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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