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

Invite to 'Sponsor a Brave Bear' for families facing off-island treatment
Travel problems persist for some Jersey residents
The solar eclipse in Jersey: All you need to know
£1.2m in fines for missed Income Tax deadline
One in eight Jersey heatwaves has happened this year
Hydration breaks to be introduced at Battle of Flowers
Nurturing biodiversity key to climate resilience
Record amount raised in 2026 Jersey-France challenge
Comments
Add a comment