In­ves­ti­ga­tion into price in­dices

Yorkshire Post - Property - - PROPERTY -

The Govern­ment is to launch an in­ves­ti­ga­tion into its own house price in­dices – the Land Registry and Com­mu­ni­ties and Lo­cal Govern­ment sur­veys.

The Of­fice of Na­tional Statis­tics will also look at other house price sur­veys and re­port by the end of the year.

The move has been prompted by con­cerns that the var­i­ous in­dices reach widely dif­fer­ent con­clu­sions.

In July, the Hal­i­fax, Na­tion­wide and Land Registry all put house prices at be­tween £166,000 and £170,000, whereas the CLG’s own sur­vey put it at £209,505. Right­move re­vealed an av­er­age of £236,332 for the same month.

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