Average House Price Now £485,000

Friday, 23 November 2018 11:22

The average paid for a home in Jersey now stands at £485,000.

That is 7% higher than at the same time a year ago.

It matches London's average price and is more than double the UK average. It is also around £100,000 more than the Guernsey figure.

Across all property-types, prices have risen by 2% over the past 12 months.

House prices have gone up in three months to October, but flats have dropped in value.

A three bedroom house went for an average £598,000 - up £33,000 on a year ago.

One bedroom flats typically sold for £5,000 less and two bedrooms by £54,000 less. Both still cost more than last autumn though.

In total 417 properties changed hands, meaning turnover was up 14% for the three months and housing market activity was up 5%.

More from Jersey News

Jury finds Shay John Bester guilty of offences including rape

Shay John Bester has been found guilty, after going on trial for offences including six counts of rape against three young, vulnerable females.
African community groups express 'disappointment' with Deputy Ozouf sentencing

Friends of Africa Jersey and the Kenyans in Jersey Committee have come together to express their disappointment following Deputy Philip Ozouf's sentencing, and are calling for increased protection for workers who speak out about exploitation.
Island Energy to return to Royal Court over Mont Pinel gas explosion

Island Energy is set to return to the Royal Court to enter pleas after being charged by the Health and Safety Inspectorate over a gas explosion at Mont Pinel.
Jersey to introduce legal limit for PFAS in drinking water

A legal limit for PFAS in Jersey's drinking water will be introduced for the first time.
Jersey Electricity drops St Martin solar farm idea

Jersey Electricity has dropped plans for a solar farm on land in St Martin belonging to the King.
PPC won't move to block Deputy's return to States Assembly

The committee that oversees States Members' conduct says it won't being a proposition to further suspend Deputy Philip Ozouf following his conviction for immigration offences.
Jersey's next government urged to create laws preventing exploitation of workers

Charities in Jersey are urging politicians to prioritise drawing up laws to abolish modern-day slavery.
Philip Ozouf sentenced to 120 hours community service

Deputy Philip Ozouf has been sentenced to 120 hours community service and ordered to pay £5,000 for immigration offences.