Government House Price Index goes live

Professional Adviser
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The average UK house is now worth £156,273, according the experimental House Price Index launched to...

The average UK house is now worth £156,273, according the experimental House Price Index launched today by the Office of the Deputy Prime Minister. After months of planning, the first government HPI is still listed as experimental but is an attempt to try and smooth out the differences between housing indices of major banks, building societies, estate agents and professional bodies. First public findings from the ODPM John Prescott determine that the average house has increased in value by over £18,000 in the last year as the average price last year was £138,042. This leaves ...

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