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Quarter 2 House Price Index figures published

16 August 2012

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 report for quarter 2 shows that the mix-adjusted average price of dwellings sold in Jersey was:

  • similar to that recorded a year earlier, in Q2 2011 
  • 6% higher than in the previous quarter (Q1 2012)
  • essentially the same as the average recorded over the longer-term period from 2008 to mid-2011
  • the latest quarterly increase in mix-adjusted average price resulted from an increase in the mean prices of 1-bedroom flats and 4-bedroom houses (up by 7% and 9%, respectively, compared with Q1 2012) and particularly of the 2-bedroom flats which sold in the quarter (up by 18%)
  • the turnover of properties sold in Q2 2012 was down by 9% compared with the first quarter of 2012 but was almost a third (30%) higher than a year earlier (Q2 2011)

Download House Price Index report Q2 2012 (size 664kb)

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