The Office for National Statistics and H.M. Land Registry are investigating the possibility of constructing a house price index for England and Wales based on all domestic property transactions as notified to the Land Registry. The purpose of this note is to summarise progress achieved so far and to outline further work still needed.
The article contains sections on the following:
The DETR Index, The Halifax and Nationwide Indices The The H.M. Land Registry database House price index methodology The 1996 feasibility study of Land Registry data The way ahead for the Land Registry option Other developments
In addition, the following methodology is described:
The hedonic regression approach The matrix approach
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