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UK House Prices: Creating a better index using alt data

House Price Indices are one of the most closely observed economic indicators in the world, especially since the global recession in 2008. However, various government and private organisations rely on proprietary and/or public datasets to produce their own interpretation of an HPI. We evaluate some of the leading HPIs in the UK (construction methods, outcomes, advantages, and disadvantages) and highlight relevant alternative data sources for readers interested in constructing a more appropriate HPI for their needs.

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Author

Chashaka Wimalaweera Analyst (Asia)