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Housing & Land House prices and transactions
No observations
Nothing to plot for this selection. Gaps stay visible; the Exchange does not estimate.
Definition
Nominal means pounds of that month, with no adjustment for inflation. A higher price than in an earlier year is not, by itself, a higher cost in today’s money. After inflation, in the measure control, restates the UK average in prices of the latest month (CPI).
The UK House Price Index is mix-adjusted, so a series can be compared with itself over time even though different homes sell each month. It is an area average, not the price of one house and not an asking price.
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Who can afford that price?Price and affordability are different publications — not a household quote.