Home.co.uk
Home.co.uk

Mortgage Glossary: House price surveys

House price surveys

Britain is a nation of homeowners, with just under two thirds of the population owning their own home.

Given that homeownership is likely to be most people's biggest asset, (followed by the value of their pension), there has, in the last 50 years, been intense interest in house price values.

There is a raft of house price information available from property websites such as Home.co.uk through our Asking Price Index as well as data published regularly by lenders including the Halifax and Nationwide.

The Royal Institution of Chartered Surveyors, the professional body for estate agents, is another source of regular housing market information.

In addition, the UK government produces the UK House Price Index. This was created in 2016 to bring together the wealth of official residential property sales data available.

Each house price index differs in the information it produces and data sources used. For example, Home.co.uk's Asking Price Index looks at current asking prices, so can offer a more up to date picture of the market. Whereas, the government's UK House Price Index is based on mortgage completions. These may be out of date by the time they are published but give an accurate picture of the final prices paid for homes.

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