There are lies, damned lies, and the Office for National Statistics.
In the latest release, the ONS reported annual house prices to August 2023 actually ROSE 0.2%. https://www.gov.uk/government/statistics/uk-house-price-index-for-august-2023/uk-house-price-index-summary-august-2023
But the data in the image, taken from raw Land Registry data, shows annual average house price falls of -12.6%.
Is there a cover up?
Average House Prices have fallen -12.6% already according to raw Land Registry data.
-19.6% for Flats
-19.6% for terraced houses
-6.0% for semi detached houses
-14.2% for detached houses
This, is raw Land Registry data showing annual (yoy) average house price falls to September.
It shows semi-detached houses are most in demand, with all other property types falling in price twice or three times faster.
For the precise source data please contact @alexgroundwater on https://x.com/alexgroundwater