HOUSE prices are continuing to rise, despite financial woes caused by the cost-of-living crisis, latest figures show.

According to the UK House Price Index, average values in South Ayrshire have seen a notable increase over just 12 months.

The average value of a home in the region in October was £177,740 – up by almost £10,000 compared to a year earlier.

Elsewhere, East Ayrshire saw the highest price jump out of the three Ayrshire regions (10.2 per cent), with North Ayrshire jumping 9.4 per cent and South Ayrshire 5.9 per cent.

Edinburgh (£335,199) is the most expensive place in Scotland to buy a house, with East Lothian (£312,874) second and East Renfrewshire third (£286,369).

The cheapest place to snap up a property was Inverclyde, where the average price was just £126,990.

Across Scotland as a whole, the average house price in October was £194,874, which is up by 8.5 per cent compared to a year earlier.

Latest figures also show that the number of homes sold in South Ayrshire has risen slightly: a total of 212 homes were sold in the area in August this year, compared to 203 in the same month in 2021.

A spokesperson for Registers of Scotland, which provides data for the UK House Price Index, said: “In Scotland, detached houses showed the largest annual percentage change out of all property types, increasing by 10.7 per cent in the year to October 2022 to £356,000.

“Flats and maisonettes showed the lowest annual percentage change, which increased by 5.5 per cent in the year to October 2022 to an average price of £131,000.”