hometrack

Contact Us

What are you interested in?
Valuations
Market Intelligence
Risk Analytics

Cancel

Cancel

Confirming payment details

Payment processing

Login or Sign up

Use the form below to login to your account. If you have problems contact the helpdesk.

Cancel
Cancel

Forgot password

Enter your email address and we will send you a password reset link or need more help?

Cancel

Announcing the new UK House Price City Index

On 29 September, 2014
  • September 2014 marks the last Hometrack House Price Survey.
  • From 24th October, we’re replacing it with the new UK House Price City Index, tracking house prices across 20 UK cities, plus regions.

From 24th October, we’re replacing the Hometrack House Price Survey with the new UK House Price City Index, tracking house prices across 20 UK cities, plus regions.

Why the change?

The Monthly National Housing Survey is based on the answers to 11 questions we have been asking agents and surveyors for the last 14 years. When we started in 2000, data on the housing market and the underlying trends was hard to obtain and since then we have collected data from over 3.5m agents.

The changing availability of market data means it is possible to analyse trends based on real data rather than surveys and, perhaps more importantly, drill this data down to a more localised level. This approach of using data and insight to deliver answers to help businesses make better decisions is what Hometrack does day to day in the UK, Australia and Europe.

What is the UK House Price City Index?

Hometrack has been producing localised house price indices for the last 12 years based on recorded sales and mortgage valuations. These localized indices are a key component of our automated valuation model which is used by four of the top 5 lenders in the UK. This series of highly granular indices has remained proprietary to Hometrack and unpublished to date.

We’ve now decided to publish a set of indices using the same underlying data and methodology for 20 UK Cities. Alongside these City series we will be making available monthly house price indices for the UK, English Government Regions, Wales, Scotland and Northern Ireland via our website.

Hometrack’s Monthly UK House Price City Index will offer a detailed yet digestible analysis on monthly changes in house prices for 20 key cities across the UK enabling a narrative and discussion on the market at a sub-regional level. Cities are the focus of economic and demographic change in the UK and globally. The recent independence debate in Scotland and its impact on Government means greater focus on cities and city regions as a policy base. Cities create platform analysis of other important metrics such as housing affordability, new supply and the rental market.

What makes it unique?

The Hometrack UK City House Price Indices are unique in that:

  • They are the only monthly City level series in the UK
  • They enable a more granular analysis of price trends in localised markets that contain 45% of the value of UK housing and a third of the homes.
  • Cities are the focus for economic and demographic change in the UK in the future. 
  • Hometrack’s index series is benchmarked to the market so its accuracy is tracked over time.

Related articles

UK Cities House Price Index - September 2017 25 October, 2017

City house price inflation is running at 4.9%. Edinburgh is the fastest growing city, overtaking Manchester. House price inflation across London City is 2.3% although low growth means 85% of markets are registering price falls in real terms. We consider the outlook and the impact of a possible increase in interest rates.

UK Cities House Price Index - August 2017 28 September, 2017

City house price inflation is being sustained by above average growth in regional cities while prices in London have stabilised but are falling in real terms. New analysis finds the value of housing across UK cities exceeding £3 trillion of which two thirds is accounted for by London.

UK Cities House Price Index - July 2017 25 August, 2017

City house price inflation is running at 5.3%. The sharp slowdown in London house price growth over the last year has reversed with an increase in the annual rate over the last month rising from 2.3% to 2.8%.

UK Cities House Price Index - June 2017 21 July, 2017

City house price growth is proving resilient with average prices up 5% in 2017H1. Birmingham is the fastest growing city while 4 low growth cities are registering house price falls in real terms.