The latest quarter paints a clear picture of a market that remains active, resilient and shaped by shifting economic pressures. Transaction levels have strengthened compared with last year, average and weighted prices have continued to edge upward, and affordability remains a central challenge for many households.

As always, this snapshot focuses on clarity, context and relevance for buyers, sellers and investors. The full report below provides a deeper breakdown of pricing, transaction trends, affordability ratios and localised activity across the island.

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Isle of Man Property Market Update – Q3 2025

The Isle of Man property market continued its steady upward trend over the 12 months to the end of Q3 2025. Average residential prices increased across both houses and flats, supported by consistent activity and a broad spread of demand across the island. The data continues to reflect a resilient local housing market with stable year-on-year growth.

Average Prices and Market Position

The latest figures show the following:

• Average house price: £391,681
• Average flat price: £206,179
• Weighted average price: £356,461

The weighted average adjusts for the proportion of houses and flats sold, offering a clearer view of what buyers are typically spending across the island. Prices rose by 3.1% year on year, suggesting stable and sustained growth rather than rapid expansion.

Affordability Pressures Remain Elevated

Affordability remains a major challenge for many households. The median full-time salary stands at £39,780, while the average house price is now almost ten times a typical income. This ratio has fluctuated between 8.5 and 10 for more than two decades.

Even when using the weighted average, buyers are still facing a requirement of around nine times median annual earnings. This long-standing affordability strain is a direct result of high property values, limited wage growth and tight supply, posing ongoing challenges for first-time buyers and those with constrained budgets.

Transaction Volumes Strengthen

Market activity has increased compared with the previous year:

• House sales: up from 894 to 973
• Flat sales: up from 209 to 253

This represents an 8.8% rise in house transactions and a 21.1% rise in flat sales. These figures indicate renewed movement across the market and improved confidence among both buyers and sellers.

While activity remains below the unusual highs recorded during the post-pandemic years, current levels are well aligned with long-term norms for the Isle of Man. Overall, the market shows signs of balanced and sustainable momentum.

Where Homes Are Selling – Location Breakdown

Demand remains broadly distributed across the island. The most active areas during Q3 were:

• Douglas: 32.1%
• Onchan: 12.1%
• Ramsey: 11.9%
• Peel: 10.2%
• Ballasalla: 9.4%
• Port Erin: 7.5%
• Castletown: 7.1%
• Kirk Michael: 3.6%
• Braddan: 2.9%

Douglas continues to lead the island’s housing activity due to its role as the economic centre and its broad range of housing stock. Onchan and Ramsey remain consistently active, supported by strong amenities and buyer demand. Peel, Castletown and Port Erin remain attractive for coastal and village-setting purchasers, while elevated transactions in Ballasalla reflect ongoing new housing delivery in the area.

Overall, the distribution of sales indicates a balanced and confident market, with strong appeal across both northern and southern regions of the island.