LSL joins with Academetrics house price index

The house price index produced by housing market consultancy Acadametrics will from now on be a joint enterprise with LSL.

From this week, it will be published as the LSL Property Services / Acadametrics House Price Index.
 
David Brown, commercial director of LSL Property Services, which owns the second-largest estate agency network in the UK, including Your Move and Reeds Rains, said: “Acadametrics will continue to prepare the index as an independent source of house price information and unbiased commentary on market trends.

“In addition, in due course LSL Property Services will contribute residential property data to enhance the accuracy of the monthly forecast.”
 
Dr Peter Williams, chairman of Acadametrics said: “This is the perfect partnership for the index. Not only will we have additional data to overcome the delays in receipt by the Land Registry of transaction prices, we will have the LSL market insight to assist our commentary.

“But as a data source, the index will be unchanged and will continue to be of use not only to the public but also to all those working in the financial services sector and government.”

The Acadametrics HPI has been published since September 2003.