- 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: Despite a small fall in the number of home sales this month, the seasonally adjusted trend has generally been upwards in 2015.
- Economy: The unemployment rate has stabilised, whilst the CPI inflation rate has returned to zero. Year on year GDP growth was 2.6% at Q2.
ONS mix-adjusted house price indices (UK) http://www.ons.gov.uk/ons/rel/hpi/house-price-index/index.html
Land Registry (England & Wales) http://www.landregistry.gov.uk/public/house-prices-and-sales
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/
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 >calculated using a proprietary algorithm (secret formula) that continuously analyses millions of data points relating to property sales and home characteristics throughout the UK. estimates are constantly refined, using the most recent data available and a variety of methodologies, in order to provide the most current information on any home.However, they are not formal valuations and cannot be used as such. They simply provide a useful start point for researching the likely value of a home and should be supplemented with additional research and professional advice.
HCA Montlthly Hosing Bulletin can be downloaded> here
Further Reading >
Land Registry House Price Index > August data shows an annual price increase of 4.2 per cent with East England most significant movements
Annual house price growth picks up in September whilst regional divergence grows
Bank of England concerns over Property buy-to-let boom
UK net Mortgage lending leads to five year high in August 2015 BBA
Mortgage Lenders and Administrators statistics Bank of England Sept 2015
Annual house price growth picks up in September whilst regional divergence grows
Taylor Wimpey CEO Peter Redfern will lead Labour Housing Redfern Review
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Three Truths about Finance - Governor of BoE - Mark Carney
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Building Markets for the Good of People > BoE Open Forum
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Princes William and Harry visit DIY SOS street in Manchester UK
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