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North-South house price gap at record

House prices in the north of England are now less than half those in the south of the country, according to the Nationwide - a new record.

House prices have risen significantly in England in the past year in contrast to the rest of the UK, official figures suggest.

The pace of house price rises will slow when tax changes "take the heat out" of interest from investors, surveyors suggest.

The Nationwide building society says UK house price growth remained "steady" in February, with prices up 0.3% compared with January.

House prices rose in every region of England and Wales in the past year - but the pace of increase was vastly different, figures show.

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