It is more expensive than ever to get onto Jersey's property ladder.
The average price paid for a one bedroom flat has reached a record high of £263,000.
Latest house price figures from Statistics Jersey show the average sale price of one bedroom flats increased by £17,000 in the three months to the end of September.
There was also a £29,000 jump in the average for two bedroom flats, and a 17% (£76,000) rise for two bed houses - driven by a rise in sales of property in the near £700,000 bracket.
Overall, house prices rose 8% on a year ago, although the mean price of 3 and 4 bedroom houses dropped following big hikes in the spring.
The average paid for a property here is now £521,000 - more than £40,000 more than in London and almost a £100,000 more than in Guernsey.
Mean prices by size in Q3 2019 compared with the previous quarter:
1 bedroom flat - £263,000, up £17,000
2 bedroom flat - £413,000, up £29,000
2 bedroom house - £535,000, up £76,000
3 bedroom house - £633,000, down £31,000
4 bedroom house - £907,000, down £72,000

Could harnessing the youth vote change the election?
Inclusive island-wide fundraising challenge asks for 'moment of understanding'
Jersey ranks second in list of short-break destinations
HMS Tyne visits for Jersey Boat Show
Penalty shootout ends Jersey Bulls' promotion hopes
Asian Hornet Queens and nests double 2025 numbers
Jersey Monopoly still without an Old Kent Road
11 health professionals join Health and Care Partnership Board
Comments
Add a comment