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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 Price Index report published

24 May 2012

 The latest report for the first quarter of 2012 shows that:

  • the mix-adjusted average price of dwellings sold in Jersey in Q1 2012 was:
    • essentially the same as in the previous quarter (Q4 2011)
    • 5% lower than a year earlier (Q1 2011)
    • 4% lower than the average recorded for 2011
    • at the lowest recorded level for 4 years (since Q4 2007)
  • the decline in mix-adjusted average price compared with 2011 was driven by houses (2-, 3- and 4-bedroom) which have experienced falls in mean price of between 5% and 8% on an annual basis
  • in contrast, the mean price of 1- and 2-bedroom flats in the latest quarter was similar to that recorded for calendar year 2011
  • the turnover of properties sold in Q1 2012 was almost a quarter (24%) higher than in the previous quarter, driven by an increase in sales of share transfer 1-bedroom flats

Download House Price Index report Q1 2012 (size 662 kb)

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