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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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Bank boss: London 'housing bubble' a cause for concern

The gap between house prices in London and the rest of the UK, according to Nationwide figures.

A "significant housing bubble" in London is a cause for concern, a British bank boss has warned.

In a wide-ranging interview with ITV News' Business Editor Joel Hills, Aldermore CEO Phillip Monks adds, however, that there's not a lot that can be done about spiralling prices in the capital.

"You can go to the ports and close the borders but I don't think that's going to help," he said.

"I don't think it is possible to dampen housing demand in London without wrecking the rest of the UK housing market."

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