LSL rebrands Acadametrics index

LSL said the move allows it to "make an important informational contribution" and added: "The index will continue to provide the ‘true measure of house price inflation' which can only be based upon every residential transaction in England & Wales, recorded by the Land Registry."

David Brown, commercial director of LSL Property Services, which also owns Your Move and Reeds Rains, said: "In addition, in due course, LSL Property Services will contribute residential property data to enhance the accuracy of the monthly LSL Acad HPI forecast."

Dr Peter Williams, chairman of Acadametrics said, "This is the perfect partnership for the index. Not only will we have additional data to overcome the delays in receipt by the Land Registry of transaction prices, we will have the LSL market insight to assist our commentary."

The Acadametrics survey is drawn from Land Registry house price data and the survey also includes cash purchase prices, unlike prominent surveys supplied by other providers, including Halifax and Nationwide.

Meanwhile, property website Zoopla.com reports the number of homeowners expecting house prices to rise has dropped from 81% to 78%.

Respondents report little change in the mortgage market, with 77% of those surveyed saying mortgage funding is still as hard to obtain as it was three months ago.

Zoopla said orries about job losses and interest rate hikes continues to hamper the property market.

Nicholas Leeming, commercial director of Zoopla.co.uk, said: "The fear remains that the revival in the housing market will be derailed unless the banks make a concerted effort to increase lending. With job cuts looming in the public sector and interest rate hikes expected at some point, the new government has its work cut out for it to ensure that home ownership remains affordable and attainable for most people."