Figures released by the States Statistics Unit show that housing market activity in June was seven per cent up on the previous quarter based on a 12 month average.
A total of 424 transactions were made during April, May and June – the highest in any three-month period since 2006.
Among the main reasons given for the increased market activity was apartments within the new Westmount development being listed for sale. The development is believed to account for about 70 of the transactions during the second quarter.
House prices have risen by two per cent since the same period last year, with the average three-bedroom home now costing £549,000. A one-bedroom flat costs on average £231,000.
The rise means that the average house price in Jersey now stands at £460,000 – almost £240,000 more than the UK average and £65,000 higher than Guernsey.
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