Martel Maides Property Matters - November 2016 Report

House price values are down nearly 8% over a twelve month period and are off 13.5% from the peak of Q3 2014 (using the States statistics). These are lagging stats and reflect what has happened up to the end of the Q3.  We estimate that the rate of decline in values has continued, but has slowed – and could be approaching a floor.   Average figures are now back to where they were in Q4 2010. The good news is that transactions have picked up considerably over 2015 and we expect the final 2016 figure to be a substantial improvement over last year.

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