Average Local Market price now £439,861

13th August 2012

The average price of a local market property currently stands at £439,861, an increase of 3% on the same quarter last year. This is according to the property prices bulletin recently published by the States Policy Council.

 

The States track property prices because housing is a fundamental factor in a government’s strategy. But house buyers and sellers alike must not assume the findings truly reflect market conditions across the board.

 

The report also states there were 12 open market transactions during the second quarter of 2012, compared to 6 during the same quarter in 2011.