The UK House Price Index (HPI) uses house sales data from HM Land Registry, Registers of Scotland, and Land and Property Services Northern Ireland and is calculated by the Office for National Statistics. The index applies a statistical method, called a hedonic regression model, to the various sources of data on property price and attributes to produce estimates of the change in house prices each period.
European investors breathed a sigh of relief as more than half the region's major companies reported first-quarter earnings above market expectations, even if the bar was set very low ahead of results season, underscoring hopes the worst is behind Europe Inc.