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Houses prices higher than London

The average price of a property in Guernsey is higher than properties in London, according to the States quarterly housing figures.

Over the last three months local house costs increased by 1.9%.

An average house on the local market now costs £351,500, compared with an average of £325,000 in London.

The Guernsey price is 15.6% higher than in the same quarter last year, however the cost of apartments has dropped by 5.1% say the figures.

Local market properties are only available to people who have a Guernsey housing licence.

The average open market property costs about £950,000.

The States figures also show that house sales in Guernsey have fallen, with 89 fewer local market properties sold in the last quarter compared with the same period last year.

The number of open market sales has halved, with just 11 sold in the last three months.

Source: http://news.bbc.co.uk/

Print   2008-11-13