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New house price inflation index

Series: Construction News ; 15 July 2004, 6 (1)Publication details: 2004Subject(s): Summary: The House Builders Federation (HBF) intends to produce its own house price inflation index. Its members believe that other indexes produced by mortgage lenders are inaccurate and that the percentage rises on house prices on the majority of indexes are inflated. The HBF is also concerned about the Bank of England raising interest rates on the basis of those indexes.

The House Builders Federation (HBF) intends to produce its own house price inflation index. Its members believe that other indexes produced by mortgage lenders are inaccurate and that the percentage rises on house prices on the majority of indexes are inflated. The HBF is also concerned about the Bank of England raising interest rates on the basis of those indexes.