Isles of Scilly house prices drop £200,000

House prices on the Isles of Scilly have dropped significantly, with median prices falling to £350,000, a £200,000 decrease from the previous year. This represents a 36.4% decline, contrasting with rising prices in other UK seaside areas. The Isles of Scilly, known for their beauty and wildlife, attract around 125,000 visitors annually. Despite their appeal, the small population of 2,200 residents means property prices can fluctuate widely. Currently, the lowest-priced property is a one-bedroom apartment listed at £270,000. The highest is a three-bedroom cottage priced at £1,285,000. Access to the islands is available via flights or ferries from the mainland.