This survey updates an earlier one made in 1980 (published in 1981). It provides a comprehensive review of the sources and nature of all statistics on house prices in the United Kingdom, paying particular attention to major developments that have occurred in the period since 1980. An appraisal of each source is made in the context of the problems involved in measuring price levels and price movements on a representative and comparable basis. Comparisons are made of the evidence provided by the various sources. In a concluding section guidance is offered on the choice of series for particular uses and desirable improvements are considered.
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References
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DoE, 1982, “A new index of average house prices”Economic Trends number 348, October, pp 134–138; Central Statistical Office (HMSO, London)
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FlemingM CNellisJ G, 1981, “The interpretation of house price statistics for the United Kingdom”Environment and Planning A131109–1124
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FlemingM CNellisJ G, 1984a, “How the new Halifax house price index is devised”The Building Societies' Gazette May, pp 566 and 568
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FlemingM CNellisJ G, 1984bThe Halifax House Price Index: Technical DetailsHalifax Building Society, Halifax (available free on request)
