PARTS of the North-East and North Yorkshire could be hit by a crash in the price of property, according to a new study.

The study by market research company Experian examined areas where prices have risen highest in relation to income.

It singled out Ryedale, in North Yorkshire, and Newcastle as two blackspot areas which could fall victim to a price crash.

The South and South-West are also said to be likely see a sharp fall in house prices.

Today a survey by estate agency website Rightmove, which tracks trends in asking prices among estate agents, is expected to show that agents believe the market is now slowing.

This comes on top of figures from the Council of Mortgage Lenders showing that the number of new loans given to UK house buyers has fallen.