Housing prices in Jersey have risen by 7% in a year.
A working household on an average income can now only afford a mortgage for a one or two bedroom flat.
The average price paid for a property in 2018 was £490,000, up from £458,000 a year earlier.
It's the biggest annual increase in a decade - with all types of home reaching their highest ever average price.
It means a couple on average earnings now can't afford a mortgage on the typically-priced house of any size.
But far more properties changed hands last year than in 2017 with housing market activity up from 7 to 14%.
Advertised private sector rental prices were 9% higher than in 2018.
Mean prices by size in Q4 2018 compared with a year earlier
1 bedroom flat - £238,000, up £11,000
2 bedroom flat - £400,000, up £45,000
2 bedroom house - £456,000, up £36,000
3 bedroom house - £580,000, up £24,000
4 bedroom house - £928,000, up £93,000
Beloved part of Jersey Zoo family dies
Man who sexually abused young child in Jersey jailed for life
£1.5M needed for new respite home at Mont a l'Abbe
PHOTOS: New CAMHS home 'a warm and welcoming environment'
Plans explored to restore air link between Jersey and Normandy
Appeal after man punched outside St Saviour's Court
Royal Square hosts Corn Riots Festival
2026 Customer Service Award winners announced
Comments
Add a comment