to think that Land Registry figures should tell the truth about the Housing market?

[TalkinPeace2]

The Land Registry data is the "master set" to judge what a house is worth.
Until you know how many properties are excluded from its data
www.landregistry.gov.uk/professional/market-trend-data/house-price-data-exclusions
any involving companies (like buy to lets and overseas oligarchs)
any sold at auction or reposessed (because they were overvalued)
any right to buy property
any shared ownership property
etc etc

so all the poor saps who think the market is holding up OK are being mislead by the Governments own department

Surely a house is worth exactly what someone will pay for it? No? The Land Registry could tell me my house is worth 2p or half a million - it wouldn't matter! It ain't for sale at 2p and I wouldn't get half a mill for it! What's your actual beef here?

that the trend data used by sellers, insurers and the government setting policy is misleading

I agree OP. As an example I know of a flat that according to Land registry last sold for £451,250 in July 2005. Zoopla Estimate now is £546,561 with apparently a high degree of confidence. Now if I was thinking of buying it (or others in the block) then I would be very interested to know that it actually was sold in May 09 for 300,000!

But a house that's been repossessed, surely it's right to remove it if you want a fair idea of what the house is worth. Ours was repossessed, and we bought it at about 2/3 price. If they included this then it would artifically lower the price.
Surely they're getting a more accurate valuation by removing the repossession prices?

These other stats should be recorded but not necessarily be put in the bag with the rest. They are different and their prices are skewed eg rtb and so.

But the price it was sold for after repossession is what somebody was willing to pay for it on that date
ie its true worth .....
if the bank were willing to settle for that amount, that is the underlying value of the property....
so the "values" showing on zoopla from the Land registry are artificially inflated as they do not show the prices actually paid