Jersey’s latest House Price Index shows house prices for Q1 2016 are up 2 per cent with an 8 per cent increase in turnover on Q1 2015.
Figures for housing prices and transactions for the latest quarter put the average price of property in Jersey at £444,000, up from £437,000 on the same period last year, with the number of transactions up from 260 to 284.
Lorraine McLean, Mortgage Sales Manager at Skipton International, said: “After years of prolonged softening in the Jersey housing market, it’s good to see confidence is back.
“Rising volumes of transactions are a positive sign of a stable market. There is still a good supply of housing in Jersey, which the market is still absorbing.”
Skipton International, a Jersey provider of new residential mortgages and Channel Island-registered bank, reports that it is seeing strong demand from first-time buyers through the whole housing market.