House prices in London have increased by almost a fifth over the past 12 months, and are now 20% above their pre-crisis peak, according to the latest data from the country's biggest building society. In news that will fuel concerns of a price bubble in the capital, Nationwide building society said the average price of a London home had increased by 18% over the year and by 5.3% in the past three months alone, and at £362,699 was now more than twice the figure for the rest of the UK. "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 ... (full story)