house sales and lhs datapack stuart law communities asd
TRANSCRIPT
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House Sales and LHS Datapack
Stuart LawCommunities ASD
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LHS Data pack
• Initially contained two datasets– Registers of Scotland derived house sales
data– CACI Paycheck model at postcode sector
level
• Amended in 2008 to also include– House sales by type and size– SCORE
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CACI Paycheck
• Commercial product detailing household income at local level.
• “using information on over 4 million households from CACI's lifestyle database, in conjunction with Census and market research data to increase statistical reliability.”
• We pay a license fee to CACI to enable us to distribute postcode sector data to authorities.
• CACI have enabled LAs to upgrade to full postcode level Paycheck at discounted cost – contact Simon Power [email protected] for information.
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£20,000
£25,000
£30,000
£35,000
£40,000
£45,000
1 2 3 4 5 6 7 8 9 10
Decile
Me
an
Inc
om
e
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House Price Data
• Originates at Registers of Scotland (RoS). Supplied by LVIU at University of West of Scotland (under review).
• RoS record “change of ownership” – this results in data noise especially where property changes ownership with either no or small amounts of money being involved.
• To limit noise – limit your analysis to only those records tagged as either “Second Hand” or “Company New Build” – the majority of these will be clean Market Value transactions.
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House Sale Types 2003 - 2007
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
Company salesnew build
Company salesother
Likely LVIUerror in sale
Other publicsector sales
Other sales Right to buy Second Hand Sharedownership
Transfersbetween social
Sale Type
%ag
e S
ales
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Lower Quartile Sales in City of Edinburgh
60,000
70,000
80,000
90,000
100,000
110,000
120,000
130,000
140,000
2003 2004 2005 2006 2007
Year
All Sales
Second Hand / New Build
`
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House Sales by Type and Size
• Derived by blending the RoS house price data with the Council Tax register from the Scottish Assessors Portal.
• Enable finer grained analysis by using size of property e.g. prices of 2 apartment flat.
• Used by Scottish Government in setting thresholds for Open Market LIFT.
• Unit level data provided to Authorities.
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CLEANING AND MATCHING PROCESS
RAW RoSRAW ASSESSOR
QAS QAS
RoS ASSESSOR
MATCH FIELD
NEW DATABASE
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Sample Results (Aberdeen City)
House Type Apartments Count Average PriceTERRACED 1 1 £ 44,000
2 69 £ 48,761 3 199 £ 68,773 4 280 £ 61,862 5 155 £ 78,415 6 45 £ 194,259 7 14 £ 218,215 8 12 £ 251,127 9 2 £ 259,500
10 2 £ 427,500
Council Area Average £ 91,984
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Comparison with external research
Ours Fordham Difference1 bed £54,539 £55,332 1.43%2 bed £92,739 £92,842 0.11%3 bed £140,986 £133,786 5.11%4 bed £210,306 £223,589 5.94%
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Median Price for Second Hand Sales in Edinburgh
50,000
100,000
150,000
200,000
250,000
300,000
2003 2004 2005 2006 2007
Year
Pri
ce (
£)2 Apt
All
5 Apt
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SCORE – Scottish Continuous Recording System
• SCORE contains a rich amount of detail captured at the point of a new let being made. It contains information on:– the demographic characteristics of tenant households;
– the pathway by which a household has become a RSL tenant;
– the financial profile of tenant households;
– the type and condition of the property being let;
– the financial aspects of the let being made, including rent and affordability.
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SCORE – Scottish Continuous Recording System
• Hope to extend SCORE to Local Authorities and be able to provide and analyse the full Social Rented Sector.
• Collection would be via Electronic Data Collection from Authorities Housing Management Systems
• www.scoreonline.org.uk
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Contacts / Further info
• Stuart Law
• Simon Power
www.scoreonline.org.uk