House Price Index

  1. Home
  2. |
  3. Previous editions
  4. |
  5. Glossary

Location and landlords the winners in 2010

  % Change in month% Change Past YearAve house price
Dec HPI-2.2%1.7%£221,463
Nov HPI-1.6%1.6%£226,440

Key points

  • Traditional negative winter quarter continues with 2.2% (-£4,977) fall
  • Rightmove forecasts for 2010: - New Year burst followed by post-election uncertainty, leaving prices on average static at 0% by year end - Shortage of new sellers and price rises in better locations to continue, though more forced sellers and price falls in recession hit areas post-election - Recession-induced structural changes encourage landlords to expand their portfolio - 2010 transactions to exceed 2009, but still predicted a third down on historic norms

View Index comparison

index-comaprison-table

Rightmove: compiled from asking prices of properties as they come on the market via Rightmove's member estate agents over the previous month, covering over 90% the market. Not seasonally adjusted. (Seasonally adjusted figure used for the Halifax from Nov 2003, as no unadjusted figure has been published.)

Halifax: based on mortgage approvals of loans agreed by Halifax Bank of Scotland over the previous month, seasonally adjusted.

Nationwide: based on mortgage approvals of loans agreed by Nationwide Building Society over the previous month, seasonally adjusted.

Rightmove measures asking prices and does not seasonally adjust its figures, while Nationwide and Halifax both report data based on mortgage offers, seasonally adjusted. The index offered by the CLG (Department of Communities and Local Government) measures prices at completion stage, not seasonally adjusted.

Bookmark and Share
Connect with us