THE average cost of a home in the Island is now more than £700,000, according to the latest figures from Statistics Jersey.
The House Price Index report for the third quarter of 2022 showed that one-bedroom flats, two-bedroom flats and three-bedroom houses had all reached their highest mean price to-date, recorded at £370,000, £557,000 and £904,000 respectively.
The average cost of a four-bedroom home remained essentially the same in comparison to the previous quarter – at £1,329,000 – while the average price of a two-bedroom house decreased by £32,000 to £632,000 over the same period.
Turnover of properties was 8% higher than it was a year ago.
Overall, the average price of a Jersey home stood at £709,000, more than doubling the UK figure of £294,000.
