Scotland has seen some of the most impressive house price gains over the last year, according to new data from one financial institution.

Based on its own house price index, Halifax states that 13 of the top 20 property hotspots in terms of capital gain were either in Scotland or in the south-east - news likely to be welcomed by those looking to buy a house in the area.

Montrose in Angus was identified as the town with the best price increase record - with the average home soaring in value by 38 per cent, outperforming every other town in the British Isles.

Martin Ellis, chief economist for Halifax Estate Agents, said: "Strong economic conditions, highlighted by high employment levels, have boosted housing demand and driven up prices.

"Relatively good housing affordability in Scotland has also permitted strong price growth in several towns north of the border."

While house prices are rising quickly, the organisation states that houses in Scotland remain more affordable than many other parts of the UK.

In recent days, Halifax reported that according to its research the number of first-time buyers stands at its lowest level since 1980.