Guernsey house prices rise by more than 25% in a year

House prices in Guernsey rose by more than 25% in the last year, the property bulletin for the first quarter of 2010 revealed.
Figures show the median average local market property price rose by 25.9% and now stands at £364,088.
On average, house prices in Guernsey have more than doubled over the last 10 years in spite of a couple of sharp dips in 2002 and 2009.
The figures showed sales were up, after an exceptional low the previous year.
The number of local market transactions was well up on last year and the bulletin's authors concluded that even taking into account last year's exceptionally poor performance the market was on the move again and average price growth has resumed.
Prices for median average open market homes, which are available to anyone without a right to live in the island, dropped 3.6% year-on-year to £863,500. (from BBC)

Ouch thats a big rise..