HOUSE PRICE INDEX WITHIN CERTAIN REGION IN ENGLAND

Project Overview

House Price index are metric/rate at which house prices change over time taking into account the attributes of home sold. It serves as an indicator and to track house price trends. The UK House Price Index (UK HPI) captures changes in the value of residential properties. The UK HPI uses sales data collected on residential housing transactions, whether for cash or with a mortgage and it was established/started in England since January 1995.

The dashboard will provide actionable insight and detailed analysis of how house price changes within six different regions across England starting from the year 1995 to 2016 with property type such as Detached, semi-detached, terraced and flat building.

KPI’s :
Sales Volume
SalesV YoY%
Avg Price
Avg Price YoY%
HP Index
HP Index YoY

Role:

Problem Statement

Generally, Governments, Researchers, Developers and Investors having been faced with challenges on how to track and monitor recent house price changes in real estate market at various regions, cities, and communities around the world. Until year 1930, 80% of the world including UK,EUROPE and USA adopt using House price index in tracking house price changes in the real estate market and only 20% including China and some Asia countries adopt the measure in early 1990.Since then, the method has been effectively use all over the world providing greater insight in house price index.

Executive Summary

House Price index are metric/rate at which house prices change over time taking into account the attributes of home sold. It serves as an indicator and to track house price trends. The UK House Price Index (UK HPI) captures changes in the value of residential properties. The UK HPI uses sales data collected on residential housing transactions, whether for cash or with a mortgage and it was established/started in England since January 1995.

Data Dictionary

Key Takeaways

Next Steps