The Government is set to conduct a review of its official house price indices - the House Price Index from the Department of Communities and Local Government, and the monthly report from the Land Registry - in an effort to ‘improve accessibility to official statistics on the housing market.'
House price indices are an important tool in deciphering the property market and although the Government figures are often more accurate than indices based on asking price, they also tend to be released long after the fact and delay any reaction to their findings on the market by months. The report is due by the end of the year.
** More news on the property market and house prices
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A grand milestone: Country Life's Mark Hedges celebrates a record-breaking 1,000 issues as editor-in-chiefThe custodian of a 128-year-old British institution celebrated the milestone with a special edition guest edited by Sir David Beckham.
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The eclectic New York townhouse that Lily Allen sings about in her new, headline-making album is for sale381, Union Street is on the market just days after the singer’s latest album details the alleged infidelity in her marriage.
