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Record level gap between house prices in London & rest of UK

London house prices have leapt by 18.2% annually, widening the gap between property values in the capital and those in the rest of the UK to the largest levels on record, building society Nationwide has reported.

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Housing supply 'lags far behind' pre-financial crisis levels

The number of new houses being built in England "continues to lag far behind" pre-financial crisis levels, according to Nationwide.

Housing supply is around 40% lower than pre-financial crisis levels. Credit: Rui Vieira/PA Wire

The supply of houses is around 40% lower than before the 2008 crisis and that combined with strong interest from overseas investors and a fresh stream of first-time buyers into the market thanks to Help to Buy have been helping to increase property prices - particularly in the capital.

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