House prices in Jersey have risen by 7% in a year, for the second year running.
Every type of property has recorded its highest ever annual average price.
One bedroom flats sold for an average of £287,000 in the last three months of last year, while two bedroom flats reached a mean of £418,000.
Three bedroom homes, which rose above £600,000 for the first time at the beginning of 2019, ended the year with an average value of £632,000.
Four bedroom homes smashed the million pounds mark (£1,051,000)- up an eye-watering £144,000 on the previous three months.
Designated First Time Buyer flats sold for £366,000, and homes for £544.000 in 2019. Both fetched around £120,000 more than in 2013.
Overall, the average paid for property in Jersey is £537,000 compared to £478,000 in London.
Mean prices by size in Q4 2019 compared with the previous quarter:
1 bedroom flat - £287,000, up £24,000
2 bedroom flat - £418,000, up £5,000
2 bedroom house - £491,000, down £44,000
3 bedroom house - £632,000, down £1,000
4 bedroom house - £1,051,000, up £144,000

'Arrive at work feeling more positive'
Profits rise at CI Co-op
Police Chief blasts 'unacceptable' levels of drink-driving
Trio of Laureates lined up for Jersey Festival of Words
Recovery Hub website offers free mental health courses
Jersey and Guernsey both lift trophies in Siam and Muratti weekend
Islanders encouraged to foster with new model of support
International blues musicians play Royal Square for free
Comments
Add a comment