Cabinet Office figures claim house prices rose in 2016
New independent data has shown a stark drop in the average asking price for Island properties.
But government says its own figures paint a more realistic picture.
Comparison website Zoopla, which lists almost 1,700 local properties, has ranked the Isle of Man top of a list of places in the British Isles where prices have fallen.
Its latest set of figures shows almost a third of local homes have been marked down from their original asking price.
A reported average reduction of £41,000 (8.36%) places us some way ahead of the UK average, where it is just under £25,000.
However, the Cabinet Office says its own figures, released in its most recent quarterly report, show what properties actually sell for.
According to its estimates, house prices rose by an average £5,383 (2%) in 2016 - while flat prices fell by around £32,000.
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