INTERPRETATION AND COMPATIBILITY OF HOUSE-PRICE SERIES

Over recent years the housing market has experienced a severe and prol onged recession. Doubts about the reliability of indices indicating ho using-market trends have exacerbated the difficulties of actors in the market and have impeded appropriate policy responses by government. I n this paper the differences both in data and in methodology are exami ned, differences that may go some way to explaining why the different series may seem to indicate different trends.