House prices ‘mostly stable’

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The States Statistics Unit released the figures yesterday, which showed prices recovering from the regular first quarter slump.

Prices still remain within five per cent of when the unit started recording figures in 2002.

And they say that with volatile four-bedroom houses taken out of the equation, prices remain within one per cent of the levels recorded in 2003.

With inflation taken into account, that means prices have actually dipped in real terms.

Dr Duncan Gibaut of the Statistics Unit said prices were broadly similar to 2004 and that house prices in Jersey remained 83 per cent more expensive than those in the UK.

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