With the launch of the ‘official house prices index’, we look at all the major property reports and see what they show and how they differA new house price index is published on Tuesday, bringing together the reports published by the Land Registry and the Office for National Statistics (ONS). The Land Registry previously put together an index based on the prices of properties that had previously been sold, which meant no new-build costs were captured, while the ONS included only mortgaged sales, so cash purchases were not reflected. The new index, the Official house price index, will replace these and aims to offer a more accurate picture of prices across the UK. Continue reading…
Source : theguardian.com
Read more…House prices measured: what the different indices show
