Market report – the new official house index

Posted by On June 15, 2016 0 Comment

This replaces previous indices published by the Land Registry and ONS, includes the entire UK (including Northern Ireland) and deals with cash sales data as well as mortgages. Interestingly, it opens with a caution that the index is still being treated as “experimental” and so isn’t officially a “UK national statistic”. What does it say? UK average house prices rose 8.2% April-to-April, with London leading the way at 14.5%, and the City of London local authority topping every region at 27.3%. Get your own copy here.