Welcome to the UK economics data portal
We do analytics based on commonly-used datasets in high quality, easy-to-use & packaged form which has rich metadata
Comparison of GDP data to house pricing in the United Kingdom
Using open core datasets we can discover the connection between GDP data to house price in UK
By comparing historical data from GDP and house prices of the UK, we can find some similarities on a particular year range, for example, by analyzing data on house prices, we can see that price decreases from 1989 to 1993 and 2007 to 2009, respectively if you grab that range from GDP data, there also some drops. Therefore, we can conclude that an increase in GDP rate directly affects house pricing. Also we included population data in order to get GRP per capita to get more clear analysis. This is a demo showcase. For more details about datasets and their description, please see section below <UK economics Datasets>
UK house prices
Repository: https://github.com/Mikanebu/house-prices-uk
Files
| Name | Size |
|---|---|
| data.csv | 13961 Bytes |
Readme
UK house prices since 1953 as monthly time-series. Data comes from the Nationwide.
Data
Data can be found in the data/data.csv file. See datapackage.json for
source info.
Source: http://www.nationwide.co.uk/hpi/historical.htm
Table
Chart
Notes
From the source XLS file (notes tab):
"The Nationwide house price methodology has developed over time and this
needs to be considered when interpreting the long run series of house
prices. Maintenance in terms of updating weights for the mix-adjustment
process is carried out at regular intervals. Significant developments
include:"
- 1952 - 1959 Q4 Simple average of purchase price.
- 1960 Q1 - 1973 Q4 - weighted average using floor area (thus allowing
for the influence of house size).- 1974 Q1 - 1982 Q4 - weighted averages using floor area, region and
property type.- 1983 Q1 - Development of new house price methodology. A statistical
'regression' technique was introduced under guidance of ‘Fleming and
Nellis’ (Loughborough University and Cranfield Institute of Technology).
This was introduced in 1989 but data was revised back to 1983 Q1.- 1993 - Information about neighbourhood classification (ACORN) used in
the model were significantly updated following Census 1991 publication -
regular updates since but typically for new postcodes.
Preparation
Process is recorded and automated in python2 script:
pip install datautil xlrd
python scripts/process.py process
License
This Data Package is licensed by its maintainers under the Public Domain Dedication and License (PDDL).