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House Prices in UK Overview


OVERVIEW 


House prices: National average house prices are increasing at a slower rate than this time last year, but nevertheless average price rises remain strong. 

Transactions: The seasonally adjusted number of home sales has been steady for at least the last 12 months at around 100,000 homes per month. 

Economy: The unemployment rate has stabilised, whilst the CPI inflation rate remains close to zero. Year on year GDP growth was 2.6% at Q2.






House price indicators vary depending on their methodology and sampling


  • ONS and the Land Registry are based on completions data. 
  • The Land Registry data is the most comprehensive, as it includes all property sales, including cash buyers.
  • Nationwide and Halifax are based on their own mortgage offers. 
  • Rightmove is from asking prices.
  • Hometrack is based on a survey of estate agents which includes the agents’ opinion of achievable selling prices.
  • Halifax, Nationwide and Land Registry data are seasonally adjusted.
  • Zoopla The Zed-Index is the average property value in a given area based on current Zoopla Estimates using ,Zoopla valuation algorithm analyses property data on all 27M UK homes on a continuous basis. data from multiple sources including land registry,ONS, estate agents, surveyors their users. The model looks at the relationships between transaction prices and property characteristics (type, style, # of bedrooms, etc.


ONS mix-adjusted house price indices (UK) http://www.ons.gov.uk/ons/rel/hpi/house-price-index/index.html  > see also 

Land Registry (England & Wales) http://www.landregistry.gov.uk/public/house-prices-and-sales   > see also 

Nationwide (UK) www.nationwide.co.uk/hpi/ 

Halifax(UK)http://www.lloydsbankinggroup.com/media1/economic_insight/halifax_house_price_index_page.asp 

Hometrack (UK) http://www.hometrack.com/uk/insight/uk-cities-house-price-index/ 

Rightmove (E&W) www.rightmove.co.uk/news/house-price-index 

Zoopla (UK) http://www.zoopla.co.uk/market/uk/