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Greater stability means greater affordability

26/01/17
Robin Sappé Image By Robin Sappé

While homeowners want to see prices rise, it’s important that the process is gradual, as this makes homes more affordable.

The last two years have seen greater stability in the housing market. In the 12 months to October 2016, the average price rose 1.5%, from £443,000 to £460,000. This compares to a 12% rise from £329,000 to £369,000 in the year to October 2007.

(Sources: Jersey Housing Market Activity Index (States of Jersey) & Skipton International. Figures have been rounded.)

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