House prices up 24%

HOUSE prices are up by almost a quarter compared with this time last year.

But there are signs that the market may be stabilising as the average price of a three-bedroom house dropped slightly to £506,000 compared with £510,000 at the start of the year.

House prices for April to June this year went up by 24 per cent compared with the same time last year, but increased by only one per cent from the first quarter of this year.

Although the figures show that Jersey is still far ahead of the UK market, which announced an annual increase of three per cent, the latest figures hint at a stabilisation in the market.