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LIVE FROM JEREZ: House prices have risen by 100% since 2000

Average house prices have risen by 100% over the last five years.

Figures from Hometrack reveal that had you invested 100,000 in property five years ago, the average return would be 98.9%.

The towns showing the largest increase in the last 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.

Speaking at Mortgage Strategy’s Mortgage Summit in Jerez, Hometrack economist John Wriglesworth told delegates that investment in buy-to-let would have reaped a 148% return.

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