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Information and public services for the Island of Jersey

L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri

House prices remain stable

18 November 2010

The Statistics Unit has released the House Price Index report for quarter 3 2010.

The House Price Index measures the combined weighted average price of 1 and 2-bedroom flats and 2, 3 and 4-bedroom houses. The latest report shows that:

  • the mix-adjusted average price of properties sold in Jersey in Q3 2010 (£500,000) was similar to the mean for calendar year 2009
  • the average price recorded in Q3 2010 was 5% higher than in the previous quarter
  • the latest quarterly increase in average price was particularly driven by the 4-bedroom houses which sold in the quarter
  • excluding 4-bedroom houses shows that, overall, the majority of the Jersey residential property market has been essentially stable in price from early 2008 to the present time
  • the number of properties sold in Q3 2010, on a seasonally adjusted basis, was higher than that recorded a year ago, but was almost a fifth below the longer term average seen before mid-2008

House Price Index report for Quarter 3 2010 (government and administration section)

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