Property Price Trends Since 2007 | India’s Housing Property Price Since 2007 | United Kingdom (UK) Housing Property Price Since 2007
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India’s Housing Property Price Since 2007
In India, the National Housing Banking completely owned by the Reserve Bank of India. Moreover, calculate the index termed NHB Residex. This index is formulates based on a pilot study covering 5 cities: Delhi, Mumbai, Kolkata, Bangalore, Bhopal are representing the five regions of the Indian country. The actual enterprise are used to calculate an Index reflecting the market trend. 2007 is taken as the base year for the study is to comparable with the WPI and CPI. It now covers Delhi with NCR, Mumbai, Kolkata, Bangalore, Hyderabad, Ahmedabad, Chennai, Bhopal, Faridabad, Patna, Pune, Kochi, Indore, Meerut, Jaipur, Nagpur, Lucknow, Surat, Bhubneshwar, Ludhiana, Chandigarh, Vijayawada, Coimbatore, Raipur, Guwahati and Dehradun. Thus, the housing prices are double in the cities likes Mumbai, Delhi and Bhopal bu have refuse in Hyderabad and Kochi.
United Kingdom (UK) Housing Property Price Since 2007
Housing Price Indices (HPIs) have been produce in the UK Since 1973. Originally by contract provider, and more recently by government bodies. Moreover, more recently, they have come from property market website. Currently, house pricing are increasing heavily to the nearby cities in the UK, with prices in London showing the highest growth. In the year 2014 May UK housing price increased by 10.5 per cent. Up from 9.9 per cent in the year to April 2014.
UK Government Housing Price Indicator
Thus, the office of National Statistics produce a monthly House Price Index (HPI) release the average housing price of the United Kingdom. The index is calculating the using mortgage financed transaction that are collected with the Regulated Mortgage Survey by the Council of Mortgage Lenders. However, these covers the majority of the mortgage lenders in the United Kingdom. The HPI statistical bulletin provides complete information of the house pricing changing on the monthly and the annual basis. It has also include the investigation by regions, different of the buyers and different type of sellers. How the Office for National Statistics calculates HPI, they have produce the guidance document called Official House Price Statistics. Thus, details their explanation of technique and explain the difference between the different sources of official house price statistics.
However, the land registration Housing Price Index is calculate on behalf of HM Land Registry by Calnea Analytics. Its use is for that the land registration for own data, which consist of the transaction record of all residential property sales in England and Wales. The number of monthly transaction is approximately 100,000 per month. The index excludes sales from recovery ad auction as these do not repeat full market price.
Current UK Indices Table
|Index||Calculated by||Source Data||Observations (approx)||Quality Adjustment Method||Local Indices||Frequency||Price Observation|
|HM Land Registry||Calnea Analytics||HM Land Registry||100K||RSR||Yes||Monthly||Actual Price paid|
|Knight Frank||Knight Frank||Knight Frank||100K||RSR||Yes||Monthly||–|
|DCLG||DCLG||Leader Data||45K||SMA||Region Only||Monthly||Mortgage Completions|
|Halifax||Halifax||Loan Approval||04K||HR||Region Only||Monthly||Price agreed at time of loan approval|
|Nation Wide||Nation Wide||Loan Approval||04K||HR||Region Only||Monthly||Price agreed at time of loan approval|
|Findaproperty.com||Calnea Analytics||Rental Price||Undisclosed||HR||Region Only||Monthly||Rental prices|
|Home.co.uk||Calnea Analytics||Asking Price Online||800K||SMA||Region Only||Monthly||Asking Price|
|Rightmove||Rightmove||Asking Price Online||Undisclosed||SMA||Region Only||Monthly||Asking Price|
|Financial Times||Acadametrics||Land Registry||100K||SMA||Yes||Monthly||Actual Price paid|