House Prices in UK Since 1953

$0 / year

This dataset contains UK house prices since 1953 as a monthly time-series. The data comes from the Nationwide Building Society.

Categories: ,
Complexity

The Nationwide house price methodology has developed over time and this needs to be considered when interpreting the long run series of house prices. Maintenance in terms of updating weights for the mix-adjustment process is carried out at regular intervals. Significant developments include:”

1952 – 1959 Q4 Simple average of purchase price.

1960 Q1 – 1973 Q4 – weighted average using floor area (thus allowing for the influence of house size).

1974 Q1 – 1982 Q4 – weighted averages using floor area, region and property type.

1983 Q1 – Development of new house price methodology. A statistical ‘regression’ technique was introduced under the guidance of ‘Fleming and Nellis’ (Loughborough University and Cranfield Institute of Technology). This was introduced in 1989 but data was revised back to 1983 Q1.

1993 – Information about neighborhood classification (ACORN) used in the model were significantly updated following Census 1991 publication – regular updates since but typically for new postcodes.

Date Created

1953

Last Modified

2014-05-01

Version

2014-05-01

Update Frequency

Annual

Temporal Coverage

1953-2014

Spatial Coverage

United Kingdon

Source

John Snow Labs => Nationwide Building Society

Source License URL

John Snow Labs Standard License

Source License Requirements

N/A

Source Citation

N/A

Keywords

Nationwide House Prices, House Prices in the UK, House Prices, Nationwide House Prices

Other Titles

House Prices in UK 1953, House Prices Database

Name Description Type Constraints
DateDate of Database for House Pricedate-
Average_Price_All_House_TypesAverage prices of all types of houses with respect to yearnumber-
Price_Changes_All_House_TypesChange to previous yearnumberlevel : Ratio
Average_Price_New_House_TypesAverage prices of new types of houses with respect to yearnumber-
Price_Changes_New_House_TypesChange price to previous yearnumberlevel : Ratio
Average_Price_Modern_House_TypesAverage prices of modern types of houses with respect to yearnumber-
Price_Changes_Modern_House_TypesChange in Modern pricenumberlevel : Ratio
Average_Price_Older_House_TypesAverage prices of older types of houses with respect to yearnumber-
Price_Changes_Older_House_TypesChange in Old pricenumberlevel : Ratio
DateAverage_Price_All_House_TypesPrice_Changes_All_House_TypesAverage_Price_New_House_TypesPrice_Changes_New_House_TypesAverage_Price_Modern_House_TypesPrice_Changes_Modern_House_TypesAverage_Price_Older_House_TypesPrice_Changes_Older_House_Types
1952-11-0118910210702020015240
1953-02-0118910210702002015420
1953-02-0118910210702002015420
1953-02-0118910210702002015420
1953-02-0118910210702002015420
1953-02-0118910210702002015420
1953-02-0118910210702002015420
1953-02-0118910210702002015420
1953-02-0118910210702002015420
1953-02-0118910210702002015420
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