The report shows total figures for 2008 stood at 1,545, last year it was just 923.
The latest Quarterly Economic Report to the Council of Ministers has revealed some worrying, but not unexpected figures with regards to housing on the Isle of Man.
It’s a well established fact that the housing market took a major hit over the past three years, the report shows total figures for 2008 stood at 1,545, last year it was just 923.
As we move towards the final quarter of 2011 there have been 646 sales.
The average house price on the Island has shot up by nearly £10,000 over the past three years to over £290,000, with apartment prices reducing by nearly £8 thousand to £150,656.
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