The latest House Price Index from Skipton International shows house sales in Jersey are at their highest levels since 2006, with 424 properties sold in the island during Q2 2017.
This is a 28 per cent increase on the same period last year (331 transactions) and a 32 per cent increase on Q1 2017 (321 transactions).
House prices in Jersey are up two per cent on both Q2 2016 and the previous quarter, with the average house in the island now worth £460,000.
The biggest price rise from Q1 2017 was for two-bedroom houses – with the average property increasing in value by £20,000. The average value of a four-bedroom house decreased by £6,000 over the same period.
Lorraine McLean, Mortgage Sales Manager at Skipton, said: “It’s important never to take any quarter in isolation. The price of an average four-bedroom property has risen faster than other categories in past quarters, growing in value from around £700,000 in 2015 to £804,000 today.
“Transaction levels for four-bedroom properties are still high – with 49 properties sold this quarter compared to 45 for the same period last year. A minor price drop can be due to a natural fluctuation such as a small decrease in sales of higher value properties.”