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House prices

Building

The mix-adjusted average price of dwellings sold in Jersey in Q2 2014 was 1% higher than in the previous quarter (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 Q2 2014 shows that:

  • on a rolling four-quarter basis, the mix-adjusted average price of dwellings sold in Jersey in Q2 2014 was 1% higher than in the previous quarter (Q1 2014)
  • on a quarterly basis, the mix-adjusted average price in Q2 2014 was 5% higher than in the previous quarter (Q1 2014); all property types saw an increase in the mean price of properties sold compared with the previous quarter
  • the turnover of properties in Q2 2014 was 13% greater than in the previous quarter (Q1 2014) and at a similar level to the average seen in the latter half of 2013 (around 300 properties sold per quarter)
  • share transfer transactions accounted for more than half (56%) of all eligible flat sales in Q2 2014; a slightly greater proportion than in calendar year 2013

 House Price Index report for quarter 2 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 3 2014 will be released on 13 November 2014.

Previous reports

House Price Index report for quarter 1 2014
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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