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Creating a new dataset to analyse house prices in England

Chi, B; Dennett, A; Oléron Evans, T; Morphet, R; (2019) Creating a new dataset to analyse house prices in England. (CASA Working Paper 213). The Bartlett Centre for Advanced Spatial Analysis, UCL (University College London): London, UK. Green open access

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Abstract

House price data deficiencies hinder UK housing market research. House price research in the UK is limited by lack of an open and comprehensive house price database that contains transaction price alongside individual property characteristics. This research outlines one approach which addresses this deficiency in England. Land Registry Price Paid Data (PPD) is the official house price dataset in England covering residential transactions in the housing market. It has two main disadvantages: first it is not geo-referenced and second, it lacks accurate information on housing size. We create two data linkage methods to overcome these two shortcomings, first by linking the Land Registry PPD with Ordnance Survey (OS) MasterMap and OS AddressBase Plus, second by linking the resulting data with total floor area information from Domestic Energy Performance Certificates (EPCs). This new linked dataset offers greater flexibility for the exploration of house price variation in England over different scales. A strong positive relationship is observed between house price and total floor area. This relationship varies at different geographic scales and over different property types across England.

Type: Working / discussion paper
Title: Creating a new dataset to analyse house prices in England
Open access status: An open access version is available from UCL Discovery
Publisher version: https://www.ucl.ac.uk/bartlett/casa/publications/2...
Language: English
UCL classification: UCL
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > Centre for Advanced Spatial Analysis
URI: https://discovery.ucl.ac.uk/id/eprint/10082766
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