Property for sale in Douglas

Douglas's estate agents say the housing market is facing its gloomiest prospect in years.

Property prices in the Douglas fell by 1.5 per cent in the third quarter of the year, according to the latest Bank of Scotland index. Get more information on property for sale in Isle of Man.

Views on the Douglas real estate :

But prices are still up 0.5 per cent on this time last year, while prices in the UK have dropped 12.4 per cent over the past year.

The price of the average property for sale in Douglas now stands at £262,616, 50 per cent above the UK average of £175,143.

Average house prices have increased by 17 per cent over the past five years, according to the index.