COASTAL towns in the North-east have seen house prices rocket by up to 109% in the last 10 years.

Two Aberdeenshire towns saw house prices more than double during the past decade.

According to a Bank of Scotland survey, Fraserburgh experienced the biggest rise with a 109% jump.

The Broch saw the average house prices increase from £63,540 in 2005 to £132,920 last year.

Peterhead also saw prices shoot up more than twofold from around £69,000 to £139,000 – a 102% rise.

Newtonhill and Macduff were among a further 15 coastal towns out of 59 surveyed recorded that saw price increases of at least 50% since 2005.

Newtonhill saw the largest house price increase over the last year, going from £199,902 in 2013 to £240,899 in 2014 – a rise of 21%.

Macduff saw house prices go up 15% in the same period.

The study also revealed nine of the 10 most expensive houses were found on the east coast of Scotland.

Bob Fraser, senior partner at Aberdein Considine, said: “The inflation of house prices in Aberdeen due to the buoyancy of the oil and gas sector over the last decade has also pushed up prices in surrounding towns like Fraserburgh, Peterhead and Newtonhill.

“The energy sector has also increased employment in these towns, making them more attractive.

“However, there are other factors involved. All of these areas have seen a number of new housing developments, which has increased the quality of stock and in turn increased house prices.”

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