House price index in London from October 2017 to September 2018 (summary of all dwellings)

United Kingdom (UK): Monthly house price index in London 2017-2018 This statistic shows the monthly house price index for house sales in London from October 2017 to September 2018. House price index for all dwellings is one of simple ways of illustrating trends on the house sales market. It helps to simplify house purchase decisions. When house prices are rising, a house buyer has to decide on speeding up the house purchase process; as the transaction costs can grow to be much more significant in the future. The index calculated for London is part of the wider database, which employs the same statistical calculation method, hedonic regression, to model property price data for all dwellings. This consistent approach produces estimates for each period under observation and ensures comparability across all regions. Data for London showed that the house price index for the capital city of the United Kingdom noted growth, compared to October 2017, when it was at the level of 119.61 index points. By July 2018, it reached the value of 120.6, which was the peak for the time. Since then the house price index for all dwellings in London decreased slightly but has remained fairly consistent, reaching 119.7 as of September 2018.
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House price index
Sep '18119.71
Aug '18120.15
Jul '18120.61
Jun '18119.15
May '18118.9
Apr '18118.43
Mar '18117.48
Feb '18118.5
Jan '18119.14
Dec '17118.35
Nov '17118.29
Oct '17119.61
House price index
Sep '18119.71
Aug '18120.15
Jul '18120.61
Jun '18119.15
May '18118.9
Apr '18118.43
Mar '18117.48
Feb '18118.5
Jan '18119.14
Dec '17118.35
Nov '17118.29
Oct '17119.61
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Description Source More information
This statistic shows the monthly house price index for house sales in London from October 2017 to September 2018. House price index for all dwellings is one of simple ways of illustrating trends on the house sales market. It helps to simplify house purchase decisions. When house prices are rising, a house buyer has to decide on speeding up the house purchase process; as the transaction costs can grow to be much more significant in the future. The index calculated for London is part of the wider database, which employs the same statistical calculation method, hedonic regression, to model property price data for all dwellings. This consistent approach produces estimates for each period under observation and ensures comparability across all regions. Data for London showed that the house price index for the capital city of the United Kingdom noted growth, compared to October 2017, when it was at the level of 119.61 index points. By July 2018, it reached the value of 120.6, which was the peak for the time. Since then the house price index for all dwellings in London decreased slightly but has remained fairly consistent, reaching 119.7 as of September 2018.
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Release date
November 2018
Region
United Kingdom (England)
Survey time period
October 2017 to September 2018
Supplementary notes
House price index = Not seasonally adjusted.
According to the source, "the UK House Price Index (HPI) uses house sales data from HM Land Registry, Registers of Scotland, and Land and Property Services Northern Ireland and is calculated by the Office of National Statistics. The index is published monthly, with Northern Ireland figures updated quarterly."

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