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House prices report for the first quarter 2019 published

23 May 2019

House Price Index Report

The House Price Index report for the first quarter of 2019 has been published by Statistics Jersey.

In the first quarter of 2019:

  • on a rolling four-quarter basis, the mix-adjusted average price of dwellings sold in Jersey during the year ending Q1 2019 was essentially unchanged compared with the previous quarter (year ending Q4 2018)

  • on a quarterly basis:

    • the seasonally adjusted mix-adjusted average price was 4% higher than in the previous quarter and 2% higher than in the corresponding quarter of 2018 (Q1 2018)

    • all property types, except 4-bedroom houses, saw an increase in mean price compared with the previous quarter

  • the turnover of properties was essentially at the same level as in Q1 2018 but was a third lower than in the previous quarter (Q4 2018)

    • 3-bedroom houses recorded the lowest number of transactions since Q2 2013

  • overall housing market activity, on a rolling four-quarter basis, was 1% higher when compared with the previous quarter (Q4 2018) and 13% higher than in the corresponding quarter of 2018

  • on a rolling four-quarter basis, advertised private sector rental prices increased by 4% during the year ending Q1 2019 compared with the year ending Q4 2018

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