Nationwide’s latest house price index shows that house prices in London are now 5% higher than they were before the Credit Crunch.
Their June survey shows significant regional variations in price that have been masked by the gradual pick-up in growth at a national level.
The strongest performing regions are in the south of England – especially London. Indeed, house prices in the south of England were up 3% year on year in Q2, more than twice the 1.4% pace recorded across the UK as a whole in the three months to June.
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