Many people have given up understanding the London property market, and who could blame them? It's a capital city working at levels and sub levels, dictated by compass points, postcodes, boroughs and enclaves.
Even when you think you've got a grip, tallying up a myriad of house price indexes, you have to factor in wider economical and political climates, unexpected gentrification and global money shifting.
This article, published by The Guardian, proved very thought-provoking at London Residential. It charts the property progress of three well-known London areas and discusses today's markers for an area that's on the up (arts centres, co-working spaces and rooftop cinemas, potentially).
Within the feature is the stunning Halifax statistic that in 1983, the average property sold in London fetched £40,000. Today in 2016, the figure is now £449,000.
Building on this meteoric rise, the journalist even challenges the notion that a 'property bubble' is the wrong type of metaphor for the buying and selling market. Matthew Engel suggests it's actually now a 'ceaselessly rising tide', which momentarily ebbs away before surging in again.
Have a read and see if you can work out who is the flotsam and who is the jetsam, who are the sinkers and who are the swimmers in today's London property market.
In the past 20 years - an era of low general inflation - the Halifax house price index shows that values in London have multiplied by almost six. The Office for National Statistics' figures, which started later but dig deeper, suggest that in some of the richest areas of inner London, the 20-year increase is tenfold. Over 70 years, that £5,000 house might have gone up to £5m or £10m – one or two thousand-fold. This long ago ceased to be a bubble. A hot-air balloon? A barrage balloon? The metaphor doesn’t work.