Another thoroughly muddling house price index – from Communities and Local Government – claims that the average UK house price stood at £204,439 in April.
The finding is at odds with the other official government house price survey, which comes from the Land Registry, which put April house prices in England and Wales at around £40,000 less, at £163,083.
The CLG index figure of £204,439 is ‘mix-adjusted’ but ‘not seasonally adjusted’.
The index says that seasonally adjusted house prices decreased by 1.1% compared with March.
Excluding London and the south-east, the average UK price in April was £168,031, a drop of 2% over the year.
CLG takes its data from a number of sources, but is based on completions.
Despite the Government recognising the confusion between its own two official house price surveys and promising a review which should have been delivered by the end of last year, nothing appears to have been done.