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
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