A property website says sellers on the Island have been forced to slash the prices of homes.
Property portal Zoopla released its figures covering the past 12 months for the UK and Isle of Man.
Its data shows asking prices for homes here were slashed by an average of more than £41,000 last year.
The website says the Manx discounts were the largest anywhere in Britain.
Manx Telecom will begin notifying customers of copper switch-off
Manx Telecom says it will begin notifying customers of its copper switch off in the next few weeks.
Douglas café needs your help!
A Douglas plant-based café is asking for help from the local community.
There's less than a fortnight left to apply to Extraordinary Events Fund
The deadline to apply for a grant that could give up to £10,000 to host an event is approaching.
More businesses to be regulated and inspected
More businesses will be regulated and inspected under a new bill being introduced this year.
Government wants to cut the number of empty shops
The government says it's hoping to cut the number of empty shops on the Island by 10 per cent a year under a new strategy.
GDP growth to jump from 1.9% to 3% this year?
A credit rating agency says the Island's economic growth is set to increase by around 50 per cent this year.
Consultation on low-cost internet scheme in February
A low-cost internet access scheme will be announced next year, it's been revealed.
Company helps trust expand nature reserve
The Manx Wildlife Trust says it's expanding one of its largest nature reserves thanks to funding from an Island finance firm.
