The average London property price in May (£472,163) was around double the England & Wales average (£221,832), according to the latest batch of stats from the Land Registry and ONS under the still-experimental UK HPI. That sounds like quite the price gap, but compare it to the chasm indicated by the old Land Reg data only in March, points out investment firm London Central Portfolio, and it looks a bit off.
- Find out more about the methodology behind the new HPI, and how it compares to other indices, on PrimeResi here.
- Charles Curran explores the new UK HPI – and asks whether it could be Trojan Horse for Council Tax re-valuation
- Read Parthenia’s James Wyatt’s analysis of what makes a good property index here.