Understanding the Differences between House Price Indices | March 2023

House Price Indices, we all hear about them in major news outlets but what is the data based on? How is it possible that one House Price Index reports an increase in prices while another reports a decrease? In a time where news outlets pick and choose their index to support their narrative, we thought we'd clear up some of the confusion.

There are several house price indices available in the UK, all with their own methodology, data sources, and coverage. In this blog post, we will compare the differences between the four main UK indices:

- The Halifax House Price Index,

- The Nationwide House Price Index

- The Rightmove Asking Price Index

- The UK House Price Index