19 May 2011
The Jersey House Price Index has been substantially flat during the last 3 years, from the first quarter of 2008 to the first quarter of 2011.
The average cost of dwellings in Jersey is measured by the Jersey House Price Index. This index measures the combined weighted average price of 1 and 2-bedroom flats and 2, 3 and 4-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 Income Tax Department 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.
House Price Index report for quarter 1 2011 (government and administration section)