The average price of a two bedroom flat in Jersey has reached an all-time high of £427,000.
Figures for the first quarter of 2020 also show the average prices paid for one bedroom flats and four bedroom houses fell.
All other property types increased in value.
In February we reported that four bed homes has smashed the million pound mark for the first time at the end of 2019. At £1,051,000 the average was up an eye-watering £144,000 on the previous three months.
They have now dropped 11% - down £117,000 to £934,000.
The average paid for property in Jersey is now £536,000, compared to £482,000 in London.
The number of homes changing hands dropped by 11%, despite the period covered being largely prior to Covid-19 restrictions being introduced.
Overall housing market activity was essentially unchanged compared with the last three months of 2019 and was 6% up on the the beginning of last year.
Mean prices by size in Q1 2020 compared with the previous quarter:
1 bedroom flat - £271,000, down £16,000
2 bedroom flat - £427,000, up £9,000
2 bedroom house - £519,000, up £28,000
3 bedroom house - £649,000, up £17,000
4 bedroom house - £934,000, down £117,000
"Tropical nights" forecast for the Channel Islands
Les Amis nursing home on track to open this autumn
Candle-lit evening at St Brelade's Bay Beach to remember loved ones
How to have 'safe and enjoyable' Jersey beaches for summer
Appeal after woman grabbed by throat in nightclub
Essential work to begin on Springfield Stadium
Man who dug up cocaine in woods is jailed
Jersey and Guernsey included in UK-Gulf trade deal
Comments
Add a comment