Gauge for costs of homes in the United Kingdom. The FT House Price Index uses the National Land Registry's database of monthly property transactions and other house price indicators to create a picture of home prices. The activity of the housing market is significant, impacting the economy as a whole. Increases in house prices tend to make homeowners feel as though they are holding more wealth, buoying consumer sentiment and encouraging consumer spending. These prices may also lead to later inflationary pressures.

As the housing market usually leads the economy, rising home prices are indicative of the strength of the economy.

Relevance: Rarely affects markets
Release schedule : 8:30 (GMT); Monthly, in the middle of the following month.
Revision schedule : Few or no revisions
Source of report : Financial Times
Web Address : http://www.ft.com/
Address of release :http://www.ft.com/cms/s/1d089640-fb60-11d8-8ad5-00000e2511c8.html
AKA: FT House Price Index