The Isle of Man property market
Built from 1,232 live listings across 10 agents, re-read every night. Asking prices, not sold prices.
£399,950median asking price£2,400 pcmmedian rent4.2%gross yield if you let it£140,000per bedroom981for sale251to rent
What another bedroom costs
| Bedrooms | Median asking price | Step up |
|---|---|---|
| 1 bed | £185,000 | — |
| 2 bed | £265,000 | +£80,000 |
| 3 bed | £375,000 | +£110,000 |
| 4 bed | £599,000 | +£224,000 |
| 5 bed | £749,950 | +£150,950 |
Biggest price reductions
Reduced -94.5%
Black Grace Cowley
Moore’s Smokehouse, Mill Road, Peel
Commercial
£30,000 pa
Reduced -92.2%
Black Grace Cowley
Warwick House, 59/60 Derby Square, Douglas
Commercial
£35,000 pa
Reduced -25%
High Value Homes Wanted, Cash Buyers Waiting, Get In Touch, Isle of Man, IM2 4HD
3 beds, 2 baths
£1,500,000
32
New this week
Longest on the market
Measured from the day we first saw the listing, not the day it was first advertised.
What homes actually sold for
Our figures above are asking prices. These are the official record of what changed hands. Median and average prices actually paid, from registered transactions.
| Quarter | Median house price | Average house price | Median flat price | Sales |
|---|---|---|---|---|
| 2024 Q4 | £350,000 | £379,601 | £185,000 | 1,377 |
| 2024 Q3 | £349,000 | £376,527 | £180,000 | 1,412 |
| 2024 Q2 | £345,000 | £375,738 | £180,000 | 1,384 |
| 2024 Q1 | £343,975 | £376,177 | £180,000 | 1,387 |
| 2023 Q4 | £345,000 | £377,798 | £180,000 | 1,426 |
| 2023 Q3 | £350,000 | £382,975 | £182,250 | 1,553 |
| 2023 Q2 | £352,500 | £392,548 | £178,000 | 1,648 |
| 2023 Q1 | £352,000 | £387,950 | £180,000 | 1,803 |
| 2022 Q4 | £350,000 | £387,934 | £175,000 | 1,965 |
| 2022 Q3 | £345,500 | £384,986 | £168,500 | 2,062 |
Source: Statistics Isle of Man — Property Transactions · see the data
Areas
| Area | Listings | Median asking | Median rent | Gross yield |
|---|---|---|---|---|
| Douglas | 380 | £365,000 | £1,400 | 4.6% |
| Ramsey | 144 | £349,950 | £1,500 | 5.1% |
| Onchan | 86 | £489,500 | £1,275 | 3.1% |
| Port Erin | 46 | £410,000 | £2,500 | 7.3% |
| Castletown | 41 | £449,950 | £2,200 | 5.9% |
| Port St Mary | 40 | £419,950 | £1,250 | 3.6% |
| Ballasalla | 34 | £425,000 | £2,600 | 7.3% |
| Peel | 30 | £315,000 | £1,200 | 4.6% |
| Laxey | 28 | £495,000 | £3,500 | 8.5% |
| Andreas | 28 | £380,000 | £3,475 | 11% |
Things worth knowing
Geography
Where is the biggest price gap on the Isle of Man?
The median home in Lezayre asks £1,390,000; in Peel it asks £315,000. Same island, 4.4× the price.
What would make this wrong: It compares what is on the market, not like for like. An area of large houses will always beat an area of flats, whatever the land underneath is worth.
See what this is built from
What things cost
Which bedroom costs the most on the Isle of Man?
Going from 3 bedrooms to 4 adds £224,000 to the median asking price — more than any other step on the ladder.
What would make this wrong: A 4-bed house is not a 3-bed house with a room added — it is usually a bigger plot in a different place. This is the price of a different kind of home, not the price of a bedroom.
See what this is built from
Planning
What is hardest to get permission for on the Isle of Man?
Applications for two-storey extension are granted 86% of the time, over 101 decisions; porch 98% over 55. Both are high — refusal is rarer here than people assume.
See what this is built from