The price of a three bedroom home in Jersey has hit another record high - topping the £700,000 mark.

The average paid for a family home in the first three months of this year was £709,000, up £22,000 on the end of last year.

Two bedroom flats are also at their highest value to date, rising by £19,000 to £459,000.

All other property types saw a decrease in their mean price compared to the previous quarter.

Overall, house prices here have risen by 9% in the year to the end of March.

The average paid for property in Jersey is £574,000 compared to £499,000 in London.

Advertised private sector rental prices were 1% lower.

Mean prices by size in Q1 2021 compared with the previous quarter:

1 bedroom flat  - £294,000, down £6,000

2 bedroom flat  - £459,000, up £19,000

2 bedroom house - £532,000, down £40,000

3 bedroom house  - £709,000, up £22,000 

4 bedroom house  - £1,134,000 down £30,000