The LSE-REEF index is a micro-geographic mix-adjusted property price index. Its unique feature is that it reveals house price trends in about 35,000 lower-layer super output areas in England and Wales from 2010 to 2020.

The index utilizes matched Land Registry price paid and Energy Performance Certificate data, combined with a mix of parametric and non-parametric estimation techniques, to track the market price per square meter of floor space of a constant-quality housing unit over time. Ahlfeldt, Carozzi, and, Makovsky (2023) provide a detailed description of the underlying data and a descriptive summary of changes in property prices over the 2010 to 2020 period in England and Wales. Additionally, a comprehensive explanation of the methodology is provided by  Ahlfeldt, Heblich, Seidel (2022). The LSE-REEF Index is the result of a purely academic research project, with no involvement from private-sector parties.

Want to use the data in your research? It can be downloaded here and is free to use under the condition that you reference the source. 

Curious about how your property value has evolved in the past decade? Explore your neighborhood on our interactive dashboard below and discover the trends that have shaped your local property market. Zoom in and click on your neighbourhood to obtain your local LSE-REEF Index.