The DCLG house price index is possibly the only thing I like about the Government. Based on completions, it's more meaningful than many of the other indices. In fact, I'll admit, I'm perversely excited about December's 12-month figure, due out in about four weeks. I know... I'll get help. For now, it's all about November, which shows a 1.9% fall in the month, a 4.4% fall in the four months to the end of November, and an 8.6% drop over the year... suggesting that the Government's completion price-based data is going to show a significantly smaller drop on the year than figures published by Halifax and Nationwide. Interestingly, first-time buyers are getting the best of it. Annual average house prices for ftbs in November were 11.8% lower than a year ago. Download the actual report here.

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