Five Questions About: House prices - Mortgages - Money - The Independent
What are the latest figures?
Land Registry figures show the price of an average home in England and Wales fell by 0.9 per cent last month and by 3.2 per cent since this time last year. But Nationwide reported a rise of 0.4 per cent, putting the price of a home at 1.6 per cent higher than a year ago.
Why are they different?
Indices are confusing because they are calculated on different data. Land Registry figures are based on sales completed. Nationwide's figures are based on mortgage offers that have been agreed but before the sale has taken place.
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