§ Mr. LawsonTo ask the Secretary of State for the Environment if he will publish a table showing an index of house prices in real terms, for each quarter from the first quarter of 1979 to the latest available quarter.
§ Mr. HeseltineThe following index has been derived by deflating my Department's mix-adjusted dwelling price index by the retail prices index.
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Mix-adjusted index of United Kingdom house prices in real terms (Index: Q1 1979 = 100) Index 1979 Q1 100 Q2 104 Q3 106 Q4 110 1980 Q1 109 Q2 108 Q3 108 Q4 108 1981 Q1 105 Q2 103 Q3 103 Q4 98 1982 Q1 95 Q2 96 Q3 98 Q4 98 1983 Q1 100 Q2 102 Q3 104 Q4 104 1984 Q1 105 Q2 105 Q3 109 Q4 109 1985 Q1 107 Q2 107 Q3 110 Q4 113 1986 Q1 115 Q2 118 Q3 123 Q4 126 1987 Q1 127 Q2 132 Q3 137 Q4 144 1988 Q1 149 Q2 155 Q3 173 Q4 180 1989 Q1 181 Q2 182 Q3 186 Q4 179 1990 Q1 174 Q2 163 Q3 163 Q4 158 Source: Based on prices at completion stage collected in the building society mortgage survey and weighted to reflect a standard mix of sales by dwelling type, size and region.