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Statistician recommends single house price index

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by Kay Mitchell
Statistician recommends single house price index

National Statistician Jil Matheson is recommending a single headline measure of house prices be introduced.

Ms Matheson, the Government’s chief adviser on official statistics, conducted a review into official housing data following concerns from people who monitor house prices from various indices.

Currently, there are two official house price indexes, one published by the Land Registry and one published by The Department for Communities and Local Government (DCLG).

It has been suggested that the DCLG and the Land Registry work together on the possibility of producing a joint statistical report containing a headline house price index.

In addition, the Halifax and the Nationwide produce their own house prices indexes each month – which are commonly used.

Ms Matheson comments: “There is a great deal of interest in and importance placed on changes in the value of our houses by all sections of society.

“I want to be sure that official statistics producers are providing the right statistics on house prices to support decision making by us all,” she added.

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News posted: December 16, 2010

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