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DimPrawn
30th March 2016, 08:44
Introducing the new UK House Price Index - Office for National Statistics (http://www.ons.gov.uk/news/news/introducingthenewukhousepriceindex)


ONS has today published early historic England & Wales estimates for the new single official UK House Price Index, which will be first published in its entirety in June 2016.

The new improved Index, developed jointly with other official producers of house price statistics following a review by the National Statistician, uses data from, amongst others, the Land Registry and Council of Mortgage Lenders. By using these comprehensive datasets together, as well as by employing the best internationally agreed methods, the new UK HPI will give the best and most detailed picture of the UK housing market.

For the most recent period published today (December 2011), the new UK HPI shows an average price level of £185,000 for England & Wales. This is lower than the price recorded by the current ONS HPI for England (£222,000) for the same period but still above the equivalent price levels recorded by the Land Registry for England & Wales (£157,000), the Halifax for the UK (£157,000) and Nationwide for the UK (£163,000).

The main reason for the decrease in price levels from the ONS HPI to the new UK HPI is the use of the geometric mean, which reduces the impact of very high value properties on the headline data.

Tada! HPI now under control.

milanbenes
30th March 2016, 08:52
this is how the positive effect of successfully managed immigration is bringing house prices down

you lot complained cheaper workers are bring down wages, well the successful consequence of lower
wages is lower house prices, which means thanks to these successful policies of our great leadership and
government falling house prices are making the home ownership dream more accessible

and who do we thank for the immigration and cheaper labour and lower wages and lower house prices... ?

The EU.

isn't that great

good job

Milan.

AtW
30th March 2016, 12:15
It's not official unless I say so!!! :mad

xoggoth
30th March 2016, 16:10
Why not buy a house near Chernobyl? That will be much cheaper than Birmingham or Slough! Animals are thriving apparently so radiation can't be that bad.

17 Images Of Animals Living In The Chernobyl Exclusion Zone | Animal Mozo (http://animalmozo.com/2016/03/17/17-images-of-animals-living-in-the-chernobyl-exclusion-zone/?utm_medium=Discovery&utm_source=Taboola&utm_campaign=chernobylanimals)

PS 20 foot, 13 legged squirrels too!

DimPrawn
30th March 2016, 16:17
https://s-media-cache-ak0.pinimg.com/736x/5a/45/e8/5a45e89a20aa7fbb9f6338f9fa3ce3f5.jpg