Building on the success of the HPI, Land Registry has now packaged all of its property price data, including HPI, under the banner of "Property Price Solutions" to capitalise on the increasing demand for accurate and timely property price information.
HPI captures changes in the value of residential properties at a national level as well as in the regions and counties, and is based on a repeat sales regression methodology, using Land Registry’s data set of completed property sales. Perhaps less known are two other elements of the existing Property Price Solutions portfolio: Price Paid Information and Property Price Reports.
Price Paid Information provides complete monthly coverage of all individual residential property transactions in England and Wales. Uniquely, this includes data from all lenders as well as data on cash purchases. Customers can request the whole price paid dataset, or simply choose a slice of the dataset relevant to them.
Katie Gordon-Smith, Land Registry’s Head of Business Development said: "Businesses or individuals who wished to track house price trends have access to data from more than 15 million house transfers, including thousands of new sales each month, and it’s fantastic value for money.
"We are planning to introduce new datasets to the portfolio, to ensure companies continue to have access to the cutting-edge data that they need.
"Customers who do not require data for individual house prices can purchase a ‘tailor-made’ Property Price Report that shows aggregated data, allowing customers to select various options to suit their business needs. These drill down from regional level through to postcode level."
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