Home.co.uk
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Home.co.uk provides both a comprehensive meta-search for the UK and is a provider of analysis of UK house prices. The site's central purpose is that of an on-line property search and is run by a company called HomeCo Internet Property Ltd, which launched its service in 1996. This vertical search service focuses on homes for sale in the UK enabling home buyers to locate properties of interest from a single search platform. In its initial stages, the property search was far from comprehensive, however, more recently this property search has grown to become perhaps the largest single searchable database of properties for sale in the UK. In 2006 Home.co.uk launched a new Asking Price index to rival that of Rightmove which also uses market house price data contained in their on-line property search to produce an asking price index, although, the Rightmove dataset is smaller and the Index calculation methods are different.[1]
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[edit] Property Search
Home.co.uk enables users to search for homes for sale across England, Wales and Scotland, by map, town name or postcode. Users can access asking price summaries by town and postcode. Home buyers can also access house price trends based on sale prices as registered with the UK government's Land Registry. The property search functionality has recently been improved by integration of Google's interactive mapping functionality, which enables users to centre their search at any given point and choose a specific search radius[citation needed]. Home.co.uk also allows sellers (agents and private individuals) of UK property to add a listing to the Property Search Index.
[edit] Asking Price Index
In April 2006, Home.co.uk launched the Asking Price Index. This house price index arguably uses the largest dataset of any UK house price index to provide national and regional statistics on asking price movements in England, Scotland and Wales. The Index uses the Laspeyres methodology to create mix adjusted averages by region which are combined with further mix adjustment to provide the national figures. The Home.co.uk Asking Price Index does not include data from properties over one million pounds in value in the analysis. The index is calculated monthly in association with Calnea Analytics Ltd, providers of analytical services to HM Land Registry and creators of Mouseprice.com[1], a property valuation company. The Home.co.uk Asking Price Index has received acclaim[2][3] from certain quarters and is a new barometer for the £3.5 trillion pound UK housing market.[4]
[edit] References
- ^ HomeCo Asking Price Index Creation Methodology. Retrieved on February 27, 2007.
- Home.co.uk[5]
[edit] Related links
[edit] External Links
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