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House prices

Building

The mix-adjusted average price of dwellings sold in Jersey in Q1 2014 was 2% lower than in calendar year 2013 (rolling 4-quarter basis).

How is the Jersey House Price Index calculated?

The average cost of dwellings in Jersey is measured by the Jersey House Price Index. This index measures the combined weighted average price of one and two-bedroom flats and two, three and four-bedroom houses.

The principal data sources on the transaction prices of property sales used in the Jersey House Price Index are:

  • the Jersey Property Bulletin for freehold and flying freehold properties
  • the States of Jersey Taxes Office for share transfer transactions

The above data are supplemented by information on the type and size of each property provided by the States of Jersey Population Office.

Latest report and data

The report for the Q1 2014 shows that:

  • on a rolling four-quarter basis, the mix-adjusted average price of dwellings sold in Jersey in Q1 2014 was 1% lower than in the previous quarter and 2% lower than in calendar year 2013
  • on a quarterly basis the mean price of 3-bedroom houses in Q1 2014 was almost 7% lower than in the previous quarter and the lowest recorded for this property type since 2007. The mean prices of 2-bedroom flats and 2- and 4-bedroom houses sold in the latest quarter were slightly higher than in the previous quarter
  • the turnover of properties in Q1 2014 was at a similar level to the quarterly average seen in 2013
  • share transfer transactions accounted for around two-thirds of all eligible flat sales in Q1 2014, a greater proportion than recorded in 2013 when share transfers accounted for around half of such sales

House Price Index report for quarter 1 2014

Download average house price index numbers (size 39kb)
Download average prices by type of dwelling (size 18kb)
Download Jersey private sector rental index numbers (size 24kb) 

When is the next report due for release?

The Jersey House Price Index for quarter 2 2014 will be released on 14 August 2014.

Previous reports

House Price Index report for quarter 4 2013
House Price Index report for quarter 3 2013
House Price Index report for quarter 2 2013
House Price Index report for quarter 1 2013
House Price Index report for quarter 4 2012
House Price Index report for quarter 3 2012
House Price Index report for quarter 2 2012
House Price Index report for quarter 1 2012
House Price Index report for quarter 4 2011
House Price Index report for quarter 3 2011
House Price Index report for quarter 2 2011
House Price Index report for quarter 1 2011
House Price Index report for quarter 4 2010
House Price Index report for quarter 3 2010
House Price Index report for quarter 2 2010
House Price Index report for quarter 1 2010
House Price Index report for quarter 4 2009
House Price Index report for quarter 3 2009
House Price Index report for quarter 2 2009
House Price Index report for quarter 1 2009

 



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