Government report shows average house worth around £394k

The government's released its latest annual housing report covering 2025 - saying the average house was worth just under £394,000.

The Isle of Man Housing Market review, published by the Cabinet Office, shows the average house price rose by 3.6 per cent over the year.

It also shows the average flat cost a little over £213,000 in 2025, up 6.8 per cent on the previous year.

There's bad news for young buyers though - the cheapest homes cost more than 10 times the median salary for those aged 18 to 25.