A PROPERTY boom in Renfrewshire and East Renfrewshire shows no sign of slowing down, with house prices in both areas soaring by more than the national average.

The latest House Price Index from Registers of Scotland shows the average property sold in Renfrewshire in May fetched £141,488 – up by 14.5% on the same time last year.

And the jump in prices was even higher in East Renfrewshire, where buyers could expect to pay £252,396 – an increase of 16.4%.

The rise in values across Scotland as a whole was 12.1%.

Average prices in East Renfrewshire have rocketed by more than £35,000 in the space of a year, while homes in Renfrewshire are now worth an average of £18,000 more.

East Renfrewshire is the third most expensive area in Scotland to buy a home – beaten only by Edinburgh, where the average property sold for £300,450, and East Lothian, where the figure was £255,040.

House prices are only rising faster in five other council areas – the Orkney Islands (35.6%), Shetland Islands (31.7%), Inverclyde (20.2%), East Dunbartonshire (18.9%) and Argyll and Bute (17.8%).

The cheapest area in Scotland to buy a home is East Ayrshire (£106,775), while the slowest growth (1.7%) was recorded in Angus.

Across Scotland as a whole, the average price was £171,448.

Latest figures also show a sharp rise in the number of homes being sold in Renfrewshire and East Renfrewshire.

A total of 236 properties in Renfrewshire were snapped up in March 2020 but that almost doubled to 469 for the same month this year.

And the volume of sales in East Renfrewshire rocketed from 88 to 216 over the same period.

Janet Egdell, of Registers of Scotland, said: “Prices continue their trend upwards and the number of transactions has reverted to a more normal pattern in the first couple of months of this financial year.”