This week's headlines tell us that prices have just hit another new all-time high in Britain.
This may be true in terms of the index aggregate, but that's only half of the story.
What has really happened is that London has continued to rocket ahead as we expected, and to some extent its surrounding areas in the south-east of England via the ripple effect.
Yet prices elsewhere remain below where they were 7 years ago.
The net result is an "all-time high" for the UK, but that isn't really what has happened across the regions at all.
Rightmove's asking price index release for April continues: