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Figures out today show more properties changed hands in Jersey during April, May and June this year than in any other three-month period since 2006.
The Jersey House Price Index says there were 424 transactions. That’s a 28% increase on the same period last year.
The figures show increased confidence in the market.
The statistics also show the cost of buying a property – with the exception of a four bedroomed house – has continued to rise - on average there’s been a 2% increase on the previous quarter.
The ‘average’ Jersey property – calculated by looking at the cost of a combination of one- and two-bedroomed flats, and two- three- and four-bedroomed houses, including share transfer properties – now stands at £460,000. By comparison the UK average is less than half at £221,000, although this ranges from £127,000 in the North East, to £482,000 in London.
The average cost of a one-bedroom flat in the island is now £231,000, and a two-bedroom flats sells for £346,000. Meanwhile, a two-bedroom house costs £424,000, a three-bedroom £549,000, and a four-bedroom £804,000.
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