The Land Registry’s data will be more easily accessible from July 2013.
- Land Registry HPI results will be available in a machine-readable linked data format
- This will enable more people to access the data
- April’s HPI revealed house prices rose by 0.4% over the month
The Land Registry has announced it is releasing its House Price Index (HPI) as open data for the first time, enabling more people to access its findings on property values in the UK.
Starting next month, the research will be available in a machine-readable linked data format, as well as able to be downloaded in CSV and Excel formats.
Head of Data Programme at Land Registry Andrew Trigg said: “The release of this data demonstrates our commitment to greater transparanecy and the open data agenda. It also supports our plans to release all our licensable data by 2018.”
The Land Registry has been publishing its HPI – now based on more than 17 million cash and mortgage sales – since 1995. It is considered as the most comprehensive and informative HPI in the market, and Mr Trigg stated making this data more widely available will “unlock further potential” by helping businesses and boosting the economy.
He added that the research might be used to help housing and social policies, develop new valuation software and analyse patterns in the UK’s property market.
Last week, the Land Registry released its April HPI, revealing that house prices rose 0.4% from March. The average cost of a home in England and Wales stood at £161,458 in April, which is also 0.7% more than the typical price in April 2012.
It also showed the number of property transactions for homes worth more than £1 million in February grew by 3% from the previous year, while repossessions fell in all regions of England and Wales during this 12-month period.