Government figures show flat prices on the Island plummeted last year.
For the first time, the Cabinet Office has published a housing market review, showing how prices and lending have changed.
The data shows over the course of 2016, the average price of a flat fell from around £172,000 to just £139,000.
Over the same period, the government says the average house price rose by around £5,000 to £271,000.
AI top of Info Commissioner strategy
Local TV company brings back live racing broadcast
Island's Spar shops join rewards scheme
Former tea room company to be removed from register
New look of 2026 TT merch revealed
Regulator wants views on fit and proper guidance
Hygiene events for the hospitality industry
Business support session in Douglas today