Prices rose 100% in past five years

Average house prices have risen 100% in the past five years. Hometrack says, had you invested 100,000 in property five years ago, the average return would be 98.9%. Towns showing the largest increases in the past five years are Llandudno, Plymouth and Doncaster, while those with the smallest rise were Guildford, Reading and St Albans.

Over a 10-year period, the best-performing areas were Truro, Brighton and Dorchester and the worst were Middlesbrough, Hull and Oldham.

Hometrack economist John Wriglesworth says investment in buy-to-let would have reaped a 148% return.