One of the biggest challenges in finance is trying to break down headline numbers to understand what is going on in the real world.
Headline figures often give one picture while deeper analysis of the underlying components of any market can throw up different conclusions.
The UK housing market is no exception. Most house price indexes show that property values have increased across England by a double-digit percentage over the past 12 months. However, in London the increase is closer to around 4% (a negative return in real terms), but even this figure masks a more mixed picture.
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