HC Deb 23 April 1991 vol 189 cc388-9W
Mr. Lawson

To 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. Heseltine

The following index has been derived by deflating my Department's mix-adjusted dwelling price index by the retail prices index.

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.

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