Enhanced House Price Index (EHPI)

House prices continue to rise with an average value of c.£291k as at June 2022.

This reflects a c.8.6% increase across England and Wales year on year, with Wales experiencing more than 13.1% rise in prices. London continues to lag behind with a 4.1% increase.

The model is based on a paired sale regression approach, incorporating Land Registry data – the most comprehensive view of all completion data available for England and Wales, together with EPC Property Data.

Multiple regressions create estimates of % house price change by postcode district, rather than region, with the additional granularity providing a more accurate house price valuation.

Postcodes with low volumes of sales (<30) have their values replaced by the relevant local authority figures. This avoids over-fitting and results in a more stable and higher performing model.

The index is anchored to December 2018 (=100 points)