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Home Business Property

Jersey house price stats show ‘confidence’ among buyers

February 26, 2018
in Business, Jersey, Property

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A mortgage expert from Skipton International says latest figures which show a rise in the number of property sales in Jersey mark a successful end to 2017 for market.

There was also a steady increase in prices, up 3% in the final quarter of the year, according to the States house price index report.

Lorraine Mclean, Mortgage Sales Manager, Skipton International said: “We view this as a positive quarter for the property market as there is clear evidence that people have great confidence and are willing to buy. It was an encouraging end to the year, especially when coupled with excellent employment figures, leaving people in a very good position to invest in property.”

“We have continued to see increased demand for mortgages into 2018, but wouldn’t wish to see property prices continue to rise beyond the rate of inflation.”

Skipton International has offered residential mortgages in Jersey for over 13 years, and has completed over £500 million of loans in the island.

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