Average three-bedroom home in Jersey now costs £664,000

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There’s been a huge rise in the cost of three-bedroom homes in Jersey.

Latest official figures show the average in quarter 2 of 2019 was £664,000, a rise of £59,000 on the first three months of the year.

Overall the “mix-adjusted” price of an average home in the island, which includes flats and houses, is now £512,000.

There were a total of 487 property transactions between April and June this year, up from 408 in the same three months of last year.

The average two-bed flat now costs £384,000, a four-bed home £979,000.

Both three and four-bed homes prices are now the highest on record, with three-bed homes rising in average price by 10% between the first and second three months of 2019.

The most recent figures for Guernsey show an average home costs £428,000, while the comparable UK figure is £229,000.

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