Average house price up 7.7%, sales stronger

LOCAL market property sales could be on the move, estate agents have said, after figures showed the average price was up by nearly 8%

The States residential property prices bulletin for June shows the mix adjusted average purchase price, which reflects the price of both realty and personality, was £427,226 - 7.7% higher than this time last year.

This was down to an extra 20 purchases on 2010 figures with some houses being bought in higher price bands.

Cooper Brouard associate Cathy Gallienne said the signs were encouraging. 'It always depends how many properties have been sold and what size,' she said.

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