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House prices

Building

The mix-adjusted average price of dwellings sold in Jersey in calendar year 2013 was 1% lower than in 2012.

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 Q4 2013 shows that:

  • the mix-adjusted average (mean) price of dwellings sold in Jersey in calendar year 2013 was 1% lower than in 2012
  • 2013 represents the fourth consecutive year in which the average dwelling price has decreased marginally on an annual basis; over the five-year period from 2009 to 2013, the overall mean price has fallen by 6%
  • the mean price of 1-bedroom flats was slightly higher in 2013 than in 2012; in contrast the mean price of 2-bedroom flats fell slightly, returning to a level seen previously in 2011
  • 2-bedroom houses recorded the lowest annual mean price since 2007, whilst the average price of 3-bedroom houses decreased for the fourth consecutive year; the mean price of 4-bedroom houses remained stable in 2013
  • on a quarterly basis, in Q4 2013 the Jersey House Price Index was 5% lower than in the previous quarter and 3% lower than in the corresponding quarter of 2012
  • the turnover of properties sold in 2013 overall was 3% lower than 2012, although an increase in turnover was observed in the latter half of 2013
  • share transfer properties accounted for half of all flats sold in 2013, a lower proportion than that seen in 2011 and 2012

House Price Index report for quarter 4 2013

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 1 2014 will be released on 22 May 2014.

Previous reports

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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