This paper argues that the methods of constructing house price indices for UK markets lag behind those employed in Europe, Australasia and North America. This is particularly evident in terms of the range and level of technical sophistication of the index construction methodologies. Importantly,...

Purpose – The purpose of this paper is to address both the measurement of affordability and variations in affordability between local housing market areas (HMAs). Design/methodology/approach – The practical data issues that arise from measuring local affordability are reviewed by reference...