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Quarter four 2012 House Price Index figures published

21 February 2013

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 report for quarter four (Q4) 2012 shows that:
  • the mix-adjusted average price of dwellings sold in Jersey in calendar year 2012 was 1% lower than in 2011
  • 2012 represents the third consecutive year in which dwelling prices in Jersey have recorded a small decrease on an annual basis; over the four-year period from 2009 to 2012, the overall average price has fallen by 4%
  • the mean prices of 1- and 2-bedroom flats and of 2-bedroom houses were slightly higher in 2012 than in 2011; in contrast, the mean prices of 3- and 4-bedroom houses decreased for the third consecutive year
  • on a quarterly basis, in Q4 2012 the Jersey House Price Index was 2% lower than in the previous quarter, Q3 2012 and at essentially the same level as in the corresponding quarter of 2011
  • the turnover of properties sold in 2012 was about 10% higher than in 2011
  • share transfer properties accounted for almost three-quarters of all flats sold in 2012, a similar proportion to that seen in 2011
  • the mean prices of flats and houses designated as First-Time Buyer properties which sold in 2012 were £270,000 and £430,000, respectively

Download House Price Index report for quarter four 2012 (size 588kb)

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