FTHPI is the only UK house price index based upon every residential property transaction in England and Wales and is designed to provide a “true measure of house price inflation”. FTHPI has been chosen by the Chicago Mercantile Exchange, the world's largest derivative exchange, for their proposed residential house price derivative which we expect will be launched once the current falls in house prices can be seen nearing an end.

Our unique test as to whether indices provide a “true measure” is explained in our “House Price Indices – Fact or Fiction?” paper.

The series of downloadable documents provided below includes our latest news release and full historic data series. The significant differences which can arise between indices based upon mortgage offers and those based upon final transaction prices are particularly in evidence in the results this year.

A history of our index is provided in "Why an FTHPI?".

FTHPI was launched in September 2003 and is published in the Weekend Financial Times on the second Saturday of every month and on both FT.com and our website on the prior Friday.

MAY KEY FTHPI STATISTICS   Index 200.7 Average House Price £197,145 Monthly Change -0.7% Annual Change -14.1%   MAIN POINTS House prices in May fell by 0.7% The average price of all property transactions completed in England & Wales in May 2009 was 0.7% lower than in April. This is the fifteenth consecutive month in which prices have fallen, but it is also the fifth month in succession where the rate of decline has been below 1.0%. Prices are now 14.1% lower than a year ago On an annual basis, the average price of all completed transactions in England and Wales is now 14.1% lower than a year ago. All ten regions in England and Wales are showing prices falling on an annual and monthly basis. London has fallen into line London's prices have been falling rapidly in recent months and the annual fall in May is only exceeded by the South West, East Anglia and the South East.

AVAILABLE HERE

FTHPI May 09 published 12th June 09 here and accompanying:

Index Table Regional Historic Series with Interactive Charts National Historic Series Region, County and London Borough Series with Interactive Charts FTHPI Development of Forecasts Comparison of Indices with Interactive Charts Effect of London Quarterly Comparison of Indices with Lagging

FTHPI - Archive here.

Financial Times - recent articles here and Interactive House Price Map here.

Comparison of house price growth over the past 10 years here.