HOUSE prices are continuing to rocket, despite the cost-of-living crisis, latest figures show.

According to the UK House Price Index, average values in both Renfrewshire and East Renfrewshire have seen double-digit increases over just 12 months.

The average value of a home in Renfrewshire in August was £161,049 – up by almost £20,000 compared to a year earlier.

And prices have climbed even more steeply in East Renfrewshire, where the average value was £299,791 – an increase of around £36,000.

That made East Renfrewshire the third most expensive place in Scotland to buy a house, behind only Edinburgh (£337,506) and East Lothian (£301,272).

The cheapest place to snap up a property was East Ayrshire, where the average price was just £129,372.

The percentage increase for Renfrewshire and East Renfrewshire over the 12-month period was 13.2% and 13.6% respectively.

Across Scotland as a whole, the average house price in August was £195,391, which is up by 9.7% compared to a year earlier.

Latest figures also show that the number of homes sold locally has dropped as many potential buyers struggle to find their dream property.

Just 294 homes were sold in Renfrewshire in June this year, compared to 451 in the same month in 2021.

In East Renfrewshire, the total fell from 179 to 151.

Chris Druce, senior research analyst at leading estate agents Knight Frank, said: “Current activity in the housing market is being shaped by mortgage status.

“Those that can are pushing on and securing deals ahead of further increases, while others have paused plans to digest events.”