Average priced house in Jersey not affordable for working households
Getting a mortgage on a median-priced house in Jersey is not feasible for the average working household.
The latest House Price Index, which covers the last quarter of 2020, has just been published.
It revealed that:
This is £11,000 higher than the previous quarter, and £70,000 higher than it was ten years ago.
This is £18,000 higher than the previous quarter, and £100,000 higher than it was ten years ago.
This is £34,000 higher than the previous quarter, and £117,000 higher than it was ten years ago.
This is approximately the same as the previous quarter, and £167,000 higher than it was ten years ago.
You can read the full House Price Index report here.