The new FT House Price Index seems to have slipped out without many people noticing -
"New FT index signals end of housing boom By Simon Briscoe and Ed Crooks Published: September 5 2003 22:17 | Last Updated: September 5 2003 22:17 House prices have risen by only about 4 per cent in the past year, well below the rates published by estate agents and mortgage lenders, the new FT House Price Index has found.
The more subdued state of the market indicated by the FT index should help reassure the Bank of England that the housing boom may be coming to an end.
The Financial Times House Price Index, calculated by the consultancy Acadametrics, is designed to end confusion about house price changes that has plagued the market for years.
A plethora of different measures has frequently given conflicting messages about the state of the market."
Methodology used -