Thursday 3 June 2010

Disparity in UK house price figures from Nationwide, Halifax and The Land Registry

The guardian has collated figures released by the big three providers of Average House Price Indexes. Presented in an interactive graph, covering from Mar 2006 to the present day, it illustrates the variance in figures released by Halifax/Nationwide/The Land Registry.

The graph is updated with each new release of figures, and is often annotated with feature articles, helping to provide perspective on the numbers. For instance, Nationwide's latest figures suggest that Property market's gradual recovery have pushed prices to within 10% below of those prior to the recession.

The disparity between the figures is due to the differing methods used to compile the indexes. Whilst the Halifax and Nationwide calculate their figures based on properties they have agreed mortgages on, the Land Registry index is instead based on all completed sales for that time period.

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