This publication
This document was published on May 1. It contains a review of all the key housing market
indicators and news to the end of March 2009. The data used in the charts and tables is
the latest available at the time of going to press. Sources are included for all the charts.
We have used a standard set of notes and abbreviations throughout the document.
Glossary of terms
n Mainstream – Mainstream property refers to the bulk of the UK housing market with, for
example, price movements monitored by reference to national and regional average values.
n Prime – The prime market consists of the most desirable and aspirational property
by reference to location, standards of accommodation, aesthetics and value. Typically it
comprises properties in the top five per cent of the market by house price.
n Patient equity – non-income generating long-term investment
The most commonly used abbreviations are:
n Q408 – refers to the last quarter of 2008
n Q109 – refers to the first quarter of 2009
n H109 – refers to the first half of 2009
n PCL – prime central London
n Peak – refers to the first half of 2007
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