It seems unfair really. The Halifax and Nationwide have worked hard on producing their own indices based on house characteristics and on mortgages, and now along comes the Land Registry, with its huge database of house prices.
The Land Register is the world’s largest property database, with over 20 million titles used to guarantee ownership of property. The Land Registry will produce an index from this, which will be seasonally-adjusted just like Halifax’s and Nationwide’s, so that it follows the underlying market trend and smoothes out seasonal variances such as the spring and summer highs….
Continue reading this article at the Motley Fool