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Information and public services for the Island of Jersey

L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri

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Housing affordability in Jersey

Jersey Housing Affordability Index

The Jersey Housing Affordability Index (JHAI) indicates whether a working household with average (mean) income is able to purchase a property affordably. The level of the overall index does not represent any specific level of affordability but instead is designed to track overall affordability over time.

In 2020:

  • housing was slightly more affordable in 2020 compared with 2019, due to the decrease in mortgage interest rates seen in the later part of the year
  • between 2002 and 2020, a working household with mean net income was not able to service a mortgage affordably on the purchase price of a median-priced house of any size
  • a working household with mean net income was able to service a mortgage affordably on the purchase price of a median-priced 1-bedroom flat throughout the period 2002 to 2020
  • a working household with mean net income was able to service a mortgage affordably on the purchase price of a median-priced 2-bedroom flat for most of the past 18 years, but not in the years 2006 and 2008

Jersey Housing Affordability Indices  

 

Source: Statistics Jersey, download the chart data

Download Jersey House Price Index Report Fourth Quarter 2020

Previous reports

Jersey Housing Affordability Report 2017 

Jersey Housing Affordability Report 2015

Jersey Housing Affordability Report 2013

Jersey Housing Affordability Report 2012

Jersey Housing Affordability Report 2011

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