House prices in the three months to March 2018 were 2.7% higher than in the same three months a year earlier.
The Halifax House Price Index is the UK's longest running monthly house price series with data covering the whole country going back to January 1983.
From this data, a "standardised" house price is calculated and property price movements on a like-for-like basis (including seasonal adjustments) are analysed over time. The annual change is calculated as an average for the latest three months compared with the same period a year earlier. These figures provide a better picture of the underlying trend compared to a monthly year-on-year number as they smooth out any short-term fluctuations.
IHS Markit, a world leader in critical information, analytics and expertise (Nasdaq: INFO), has acquired the Halifax House Price Index from Lloyds Banking Group. Only the UK All Houses All Buyers Index is available here, while all other indices are available from IHS Markit via the IHS Markit website. The index name and methodology remain unchanged.
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The Halifax House Price Index ("Index") is owned exclusively by Markit Group Limited and its affiliates ("IHS Markit") and published by Lloyds Bank plc ("Lloyds") on behalf of IHS Markit. Lloyds is the sole person who submits data to IHS Markit in order for IHS Markit to produce the Index. As publisher and sole submitter to the Index, Lloyds and its affiliates are not responsible for, and are not in any way liable to you or anyone else, for any inaccuracies, errors or omissions, regardless of cause, in the data contained in the Index or the Index itself.
The Index is prepared from information that IHS Markit and Lloyds believes is collated with care, but IHS Markit and/or Lloyds do not make any warranty, guarantee or representation as to its accuracy, timeliness or completeness, or its fitness for any particular purpose. The Index is provided on an "as is", "where is" basis. IHS Markit reserves the right to vary or discontinue the Index at any time for regulatory or other reasons. Various factors, including external factors beyond IHS Markit and Lloyds' control might necessitate material changes to the Index.
All intellectual property rights in the Index belong to IHS Markit unless otherwise specified. Any unauthorised use, including but not limited to copying, distributing, transmitting or otherwise of any data appearing is not permitted without IHS Markit’s prior consent. IHS Markit shall not have any liability, duty or obligation for or relating to the content or information (“data”) contained herein, any errors, inaccuracies, omissions or delays in the data, or for any actions taken in reliance thereon. In no event shall IHS Markit be liable for any special, incidental, or consequential damages, arising out of the use of the data. For the avoidance of doubt, the Index and the data cannot be used as a “benchmark” under the Principles for Financial Benchmarks published by the International Organization Of Securities Commissions in July, 2013 or the European Union Regulation for Financial Benchmarks any other similar or comparable framework, principles, guidelines, rules, regulations or laws governing the administration of, submission of data to or the management of benchmarks and indices, including for the purposes of measuring the performance of a financial instrument or determining the interest payable, or other sums due under financial contracts or financial instruments or determining their value or the price at which they be bought, sold, traded or redeemed. A licence from IHS Markit is required for benchmark and all other uses of the Halifax House Price Index.
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