View more on these topics

House price indices under review

The National Statistician is conducting a review of house price indices to see of there any gaps in consumer information.

The review, expected to be completed by November, will consult with users of house price indices to find out if there are any gaps in information.

The Office of National Statistic refused to be drawn on the outcome of the review and what action it may take but ruled out influencing private indices.

A spokesman for the ONS says: “It’s basically reviewing the coherence and comparability of housing statistics. At the moment we’re very aware that there are lots of different statistics from lots of different public and private sources. We want to look at them in the round to make sure they are providing the correct analysis.”

Regular house price indices are published from a variety of sources including the Royal Institution of Chartered Surveyors, the Land Registry, Halifax, Nationwide and LSL/Academetrics.

Peter Bolton King, chief executive of the National Association of Estate Agents, says looking at one month’s rise is not helping consumers.

He adds: “People have got to sit back and see what happens to the housing market. Consumers are taking a medium term view and rather than the short term view of one month’s statistics.”

The National Statistician is the Statistics Authority’s and the Government’s principal adviser on official statistics.




Mortgage Strategy publisher Anna Ruddock (extreme right) on a sailing day with The Mortgage Alliance Can you put the boot in to your nearest and dearest to win this delectable bottle of bubbly? In addition, competition sponsor Tiuta will donate £100 to Great Ormond Street Hospital. Submit a witty caption for the photo above and […]

Leeds profits rose 10% in first half of this year

Leeds Building Society’s profits rose by 10% to £18m in the first half of 2010. With new mortgage lending totalling £400m, the society is targeting an extra £1bn for 2010.


Lucky broker wins tickets to Premier League fixture

Graham Lawrenson of Modern Mortgage Solutions is the lucky winner of two tickets to see Newcastle play Aston Villa on August 22, courtesy of Woolwich. Lawrenson’s name was picked from the hundreds of brokers who have already taken part in Mortgage Strategy’s Broker Census, in conjunction with Woolwich. For those of you who haven’t yet […]


Defend yourself by sharing suspicions

Fraud levels are up – there’s no denying it. KPMG’s Fraud Barometer shows that the value of mortgage fraud nearly quadrupled in the first six months of 2010. Of course, in terms of the number of cases the rise is less headline-grabbing – 21 cases compared with 18 in the same period last year. But […]


News and expert analysis straight to your inbox

Sign up
  • Post a comment
  • Mark Reynolds 18th August 2010 at 5:50 pm

    This is long overdue but it is the Media who need guidelines. They sensationalise any small element of bad news and blow it all out of proportion.

  • Graham Smith 18th August 2010 at 5:45 pm

    Estate Agents did not seem too concerned about house price statistics when they went up every month.