The Interpretation of House Price Statistics for the United Kingdom
- 1 September 1981
- journal article
- research article
- Published by SAGE Publications in Environment and Planning A: Economy and Space
- Vol. 13 (9) , 1109-1124
- https://doi.org/10.1068/a131109
Abstract
A survey is made of all official and unofficial sources of statistics on house prices in the UK. This is followed by a critical appraisal of the evidence they provide about national and regional price levels and about house price inflation. Attention is focused on two crucial factors: the representativeness of the data and the heterogeneity of houses. It is concluded that incomplete coverage of all house transactions means that most series tend to overstate price levels and that intertemporal and interregional comparisons are sensitive to the composition by type of houses traded.Keywords
This publication has 2 references indexed in Scilit:
- An Empirical Analysis of the Determination of House Prices in the United KingdomUrban Studies, 1981
- The Long-Term Measurement of Construction Costs in the United KingdomJournal of the Royal Statistical Society. Series A (General), 1966