The value of registered transactions and the number of transactions tell related but different stories. When value rises more quickly than volume, I want to understand the mix of assets and deal sizes behind the movement. A citywide figure cannot tell us whether a particular building or unit is sensibly priced.

For an individual decision, I compare relevant completed transactions, expected holding costs, realistic rental demand and the ease of an eventual resale. The DLD figures give us the market context; the property still needs its own assessment.