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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

22 February 2012

The latest report for quarter 4 2011 shows that:

  • the mix-adjusted average price of dwellings sold in Jersey in calendar year 2011 was 1% lower than in 2010; this small decrease was driven by lower property prices recorded in the latter part of 2011
  • on a quarterly basis, in Q4 2011 the Jersey House Price Index was 2% lower than in the previous quarter, Q3 2011; 7% lower than in the corresponding quarter of the previous year, Q4 2010; at the lowest recorded level for 4 years, since Q4 2007
  • the mean prices of 1-bedroom flats and of 2-bedroom houses in 2011 were the lowest recorded since 2007; in contrast, the mean price of 3-bedroom houses has been relatively stable for the last 4 years, whilst in 2011 2-bedroom flats recorded the highest mean price for this property type on an annual basis
  • the turnover of freehold and flying freehold properties in 2011 was 10% lower than in 2009 and 2010; in contrast, the turnover of share transfer properties in 2011 (comprising predominantly 1- and 2-bedroom flats) was almost double that of 2010
  • the mean prices of first-time buyer flats and houses sold in 2011 were £270,000 and £420,000, respectively

Download House Price Index report for quarter 4 2011 (size 704kb)

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