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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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Southern regions 'outperforming' rest of UK in housing

The gap between property prices in London and the rest of the UK "is the widest it has ever been" with southern regions "outperforming" other areas for some time, Nationwide's chief economist said.

The gap between house prices in London and the rest of the UK is the widest it's ever been, both in cash and percentage terms.

Overall, the southern regions have been outperforming for some time, with the result that house prices in London, the Outer Metropolitan and Outer South East have now surpassed their pre-crisis peaks.

Similarly, East Anglia and the South West are less than 5% below their 2007 highs.

– Robert Gardner, Nationwide's chief economist

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