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Single house price index 'should be introduced' | Single house price index 'should be introduced' |
(about 1 hour later) | |
A single official house price index should be introduced in the UK, the government's chief adviser on official statistics has recommended. | A single official house price index should be introduced in the UK, the government's chief adviser on official statistics has recommended. |
National Statistician Jill Matheson carried out a review following user concerns about the coverage and clarity of official housing statistics. | National Statistician Jill Matheson carried out a review following user concerns about the coverage and clarity of official housing statistics. |
The Department for Communities and Local Government (DCLG) produces housing statistics for the UK. | The Department for Communities and Local Government (DCLG) produces housing statistics for the UK. |
The Land Registry also provides data for England and Wales. | The Land Registry also provides data for England and Wales. |
The two bodies have been asked to work together on the feasibility of producing a joint statistical report containing a headline house price index. | The two bodies have been asked to work together on the feasibility of producing a joint statistical report containing a headline house price index. |
Additionally, lenders the Halifax and the Nationwide produce their own house price data which are widely used. | Additionally, lenders the Halifax and the Nationwide produce their own house price data which are widely used. |
"There is a great deal of interest in and importance placed on changes in the value of our houses by all sections of society," Ms Matheson said. | |
"I want to be sure that official statistics producers are providing the right statistics on house prices to support decision making by us all." |
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