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
Plans to modernise Jersey's 'extremely outdated' cremation rules
Driver 'seriously injured' in Grouville crash
Jury finds Shay John Bester guilty of offences including rape
African community groups express 'disappointment' with Deputy Ozouf sentencing
Island Energy to return to Royal Court over Mont Pinel gas explosion
Jersey to introduce legal limit for PFAS in drinking water
Jersey Electricity drops St Martin solar farm idea
PPC won't move to block Deputy's return to States Assembly
Comments
Add a comment