Skip to main content Skip to accessibility
This website is not compatible with your web browser. You should install a newer browser. If you live in Jersey and need help upgrading call the States of Jersey web team on 440099.
Government of Jerseygov.je

Information and public services for the Island of Jersey

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

  • Choose the service you want to log in to:

  • gov.je

    Update your notification preferences

  • one.gov.je

    Access government services

  • CAESAR

    Clear goods through customs or claim relief

  • Talentlink

    View or update your States of Jersey job application

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 2019 housing affordability in Jersey declined compared to calendar year 2018
  • in the most recent 5-year period the overall housing affordability index has declined 11%, meaning overall housing affordability has worsened over that period
  • between 2002 and 2019, 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 2019
  • 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 17 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 2019 

Ratio analysis

This is the ratio of property price compared to income and is the most widely used measure of housing affordability. Ratio analysis is particularly useful for making comparisons between jurisdictions and for examining trends in affordability over time.

In 2019:

  • the median price of 1-bedroom flats was around five times the median gross household income, whilst for 2-bedroom flats this ratio was around 8
  • the ratio of median price to median gross household income for 2-bedroom houses was around 10
  • the ratio of median price to median gross household income for 3-bedroom houses was around 12, whilst that for 4-bedroom houses was around 18

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

Back to top
rating button