End of 2018 House Prices

End of 2018 House Prices

Housing prices in Jersey have risen by 7% in a year.

The average price paid for a property in 2018 was £490,000, up from £458,000 a year earlier.

It's the biggest annual increase in a decade - with all types of home reaching their highest ever average price.

It means a couple on average earnings now can't afford a mortgage on the typically-priced house of any size.

But far more properties changed hands last year than in 2017 with housing market activity up from 7 to 14%.

Advertised private sector rental prices were 9% higher than in 2018.

Mean prices by size in Q4 2018 compared with a year earlier

1 bedroom flat  - £238,000, up £11,000

2 bedroom flat  - £400,000, up £45,000

2 bedroom house - £456,000, up £36,000

3 bedroom house  - £580,000, up £24,000

4 bedroom house  - £928,000, up £93,000

To read the full report please click here


Get in touch with us

Please make sure to fill in all the fields
Please make sure to fill in all the fields

When you decide to sell your family home, the general advice is to de-personalise it. But this is wishy-washy at best, so we have compiled a step-by-step guide to get your property ready for sale.

Thinking of installing a new kitchen in your home? Read this article first to ensure your new kitchen is bang on trend and looks straight out of an interior design magazine.

When selling your home, you obviously want to highlight the best features, but what are buyers looking for? Knowing this could make all the difference in how quickly you can sell your house and how much you will be offered. Read on to find out more.

Selling a property and going through a separation make the top three on the list of the most stressful experiences a person can go through, and sadly, these two things often go hand in hand. If this is you, read this article for guidance on handling this process.