Market Trend Data is published on the 20th working day of each month. The March 2016 House Price Index (HPI) will be published at 9.30am on Thursday 28 April 2016. Price Paid Data is published at 11am on the same day.
The HPI is due to be replaced in June 2016 by a single ‘UK House Price Index’. The new statistics will replace the existing indices published separately by Land Registry and the Office for National Statistics (ONS). An article published today by ONS presents historic time series for the new index, comparing the new estimates with existing estimates of average house prices and house price growth: ONS article.
The HPI uses a sample size that is larger than all other statistical measures available. It is calculated using Land Registry’s dataset of all single residential property sales completed in England and Wales since January 1995 subject to exclusions.
Land Registry’s dataset contains details on more than 20 million residential transactions. Of these, more than 7 million are identifiable matched pairs, providing the basis for the repeat sales regression analysis used to complete the index. This technique of quality adjustment ensures an “apples to apples” comparison between properties.
The adjusted headline statistics for England and Wales on p14 of the monthly HPI report include additional repossession data.
The repossession data is based on the number of transactions lodged with Land Registry by lenders exercising their power of sale. Once we have identified these transactions, we extract the price paid information from the related register entry.
Although the HPI goes back to January 1995, we have been recording repossessions comprehensively only since 2006. This means that historic repossession data is not available prior to January 2006. Read more information about repossessions data.
HPI background tables are available as Open Data in Excel and CSV formats and in machine readable format as linked data. They are available for free use and re-use under the Open Government Licence (OGL).
Price Paid Data is property price data for all the property sales in England and Wales that are lodged with us for registration in that month.
The following information is available for each property:
* the full address
* the price paid
* the date of transfer
* the property type
* whether it is new build or not
* whether it is freehold or leasehold
Price Paid Data can be downloaded in txt and CSV formats and in a machine-readable format as linked data. It is available for anyone to examine or re-use free of charge under the OGL.
Price Paid Data includes Standard Price Paid Data (SPPD) for single residential property sales at full market value and Additional Price Paid Data (APPD) for transactions previously excluded from SPPD such as:
* transfers to a non-private individual, for example a company, corporate body or business
* transfers under a power of sale (repossessions)
* buy-to-lets (where they can be identified by a mortgage)
The information available for each property indicates whether it is APPD or SPPD and the record’s status - addition/change/deletion (A/C/D).
As a government department established in 1862, executive agency and trading fund responsible to the Secretary of State for Business, Innovation and Skills, Land Registry keeps and maintains the Land Register for England and Wales. The Land Register has been open to public inspection since 1990.
With the largest transactional database of its kind detailing more than 24 million titles, Land Registry underpins the economy by safeguarding ownership of many billions of pounds worth of property.