Keeping average house prices up to date The housing market is very much under the spotlight at the moment with interest rates and house prices capturing the attention of the media as well as those wanting to move or step onto the property ladder for the first time. As new houses are built and the housing needs of people in the UK evolve, we see changes in the mix of properties being bought and sold which is an important factor for how we measure the change in house prices via the UK House Price Index (UK HPI). Chris Jenkins explains how we are evolving our methods to ensure we are keeping up with current trends which include a shift towards smaller and cheaper properties. | 