Working with Data on House Prices

Dean Garratt

Stephen HeasellDivision of Economics

Nottingham Business School

£0

£20,000

£40,000

£60,000

£80,000

£100,000

£120,000

£140,000

£160,000

£180,000

£200,000

£220,000

£240,000

1969 1974 1979 1984 1989 1994 1999 2004

Chart 1: Simple Average House PriceChart 1: Simple Average House Price

Source: Department of Communities and Local Government

-5

0

5

10

15

20

25

30

35

1970 1975 1980 1985 1990 1995 2000 2005

Ann

ual %

cha

nge

Chart 2: Annual Rate of House Price Inflation, %Chart 2: Annual Rate of House Price Inflation, %

Source: Department of Communities and Local Government

0

20

40

60

80

100

120

140

160

180

200

1969 1974 1979 1984 1989 1994 1999 2004

Index

£0

£50,000

£100,000

£150,000

£200,000

£250,000

Mix-adjusted index, 2002Q1 = 100 Simple average, £

Chart 3: Chart 3: Mix-Adjusted and Simple Average House PriceMix-Adjusted and Simple Average House Price

Source: Department of Communities and Local Government

-5

0

5

10

15

20

25

30

35

40

1970 1975 1980 1985 1990 1995 2000 2005

Annual %

change

Mix-adjusted Non mix-adjusted

Chart 4: Annual Rate of House Price Inflation, %Chart 4: Annual Rate of House Price Inflation, %

Source: Department of Communities and Local Government

0

10

20

30

40

50

60

70

80

90

100

110

120

1969 1974 1979 1984 1989 1994 1999 2004

Inde

x, Y

ear

2003

= 1

00

Chart 5: Consumer Expenditure DeflatorChart 5: Consumer Expenditure Deflator

Source: National Statistics

-5

0

5

10

15

20

25

30

35

40

1970 1975 1980 1985 1990 1995 2000 2005

Ann

ual %

cha

nge

House Price inflation Consumer price inflation

Chart 6: Annual Rates of Inflation, %Chart 6: Annual Rates of Inflation, %

Source: National Statistics and Department of Communities and Local Government