Unfortunately, when it comes to measuring house price statistics there are a bewildering array of different statistics and measures. Surprisingly, given the importance of house prices, the government do not have an authoritative overall statistic. To get an overall impression of the housing market, we need to look at a variety of different statistical measures. The variance in house price inflation shows the limitations of house price statistics.
Different House Price Statistics
Asking House Price. The asking house price index measures the average asking price of more than 700,000 homes across the UK. It excludes houses over £2million and houses under £20,000. The benefit of using the asking price or listing price, is that it gives a guide to the future of the housing market. The disadvantage is that selling prices can often differ from the asking price quite significantly. Asking house price index
Nationwide House Price Index. The nationwide Building society has kept data for house prices since 1958. It gives the longest historical set of data. The Nationwide accounts for 12% of the Housing Market. Also has a house price index calculator Nationwide House price index
Halifax House Price Index. The Halifax typically accounts for 22% of the mortgage market. It is one of the biggest mortgage lenders. The Halifax use ’standardised’ house price data disaggregating seasonal and regional variations to try and give an accurate picture of an average house price . Halifax house price index
Hometrack. Hometrack reports agreed selling prices. Hometrack provide an indepth comprehensive coverage of the UK housing Market producing statistics on not just average house prices, but, also length of completion, viewings per sale and house builds. Hometrack house price statistics
Council of Mortgage Lenders. The CML represent over 80% of UK mortgage lenders. They produce statistics on mortgage lending, average house price to income ratios, arrears on mortgages and house prices. Council of Mortgage Lenders statistics
Rightmove. Based on around 90% of the mortgage market, Rightmove offers statistics on average asking prices across the UK. Rightmove statistics
Royal Institute of Chartered of Surveyors The Royal Institute of Chartered surveyors give a monthly indication of house sales.
Related
- Are House prices falling? - a note on difference between monthly falls and annual house price falls.
- UK Housing Market
- Ratio of House prices to Income
House price Graph at Top powered by - UK house price statistics
2 comments ↓
[...] is true people want to hear good news; it is also true, that house price statistics can be misleading. But prices were mainly rising because of market conditions. To blame the media is to give them far [...]
After many years of house ownership including selling and buying, also from an economic perspective, we are in danger of talking house prices down and the economy up (ie inflation). The more input from the media and the economist that we are exposed too the more we panic and the less common sense seems to prevail,
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