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Government of

Information and public services for the Island of Jersey

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

Annual housing statistics

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 2023:

  • overall housing affordability worsened on an annual basis
  • all property types were less affordable to purchase than in 2022
  • 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 or a 2 bedroom flat
  • 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
  • the ratio of median dwelling price to equivalised median household income in Jersey was lower compared to 2022 for all property types; however, this was outweighed by higher mortgage interest costs, resulting in worse housing affordability overall​

Jersey Housing Affordability Indices  


Source: Statistics Jersey, download the chart data

Download Jersey House Price Index Report Fourth Quarter 2023

​​​​House price distributions

Property sales by price band

Source: Statistics Jersey, download the chart data

Several types of property are not included in the HPI as they are not sold often enough to accurately measure a price average. These being: bedsits, 3- or more bedroom flats, 1- and 5- or more bedroom houses. These extra properties are included here. 

Properties which have restrictions on who can purchase them are still excluded; those sold via the housing gateway, First Time Buyer restricted and age restricted properties.

​​​​Long term trends in house prices

Annual percentage change in the Jersey House Price Index

Source: Statistics Jersey, chart data

The above figure shows the property price changes in Jersey on a calendar year basis from 1986 to 2023. The most recent change in the Jersey House Price Index recorded in 2023 was a 3% decrease compared with 2022. 

As is clear from the above chart, property prices in Jersey have seen three periods of strong growth during the last three decades. Peaks in the annual rate of increase occurring in 1989, 1998 and 2008. Each of these years recorded annual price increases of more than 20%. In the past, such peaks were followed by periods of lower rates of increase. More recently from 2010 to 2013 by a period of sustained decline in average prices.​

Shown below are mean prices for specific property types from 2011 to 2023.

Mean prices for individual property types 2011 to 2023

​Flats ​​Houses ​ ​
​​O​ne bed ​Two bed ​Tw​o bed ​​Three bed ​Four bed

Prices are rounded to the nearest £1,000.

Median house prices

The overall mix‐adjusted Jersey House Price Index is calculated from the mean prices of each type and size of property. Examining changes in the median price of dwellings provides a complementary insight into the behaviour of residential property prices. 

Median property price of houses sold in Jersey 2011 to 2023

​​One ​bed ​Two bed ​Two bed ​​Three bed ​Four bed

​First time buyer market 

The Jersey HPI specifically excludes transactions that have restrictions on who can purchase the properties. A particular group of interest that are excluded are those restricted to first time buyers, both those with planning restrictions and those sold through the affordable housing gateway. Housing gateway properties are often sold with a portion of the property price retained in the form of a bond. This analysis uses the full property price to be comparable with first time buyer restricted properties. In 2023 the First Time Buyer Market Index saw an annual decrease of 1% compared with 2022. This was around 2 percentage points higher than seen by the House Price Index between 2022 and 2023.

Source: Statistics Jersey, chart data

Rental stress

​​The 30/40 rental stress measure refers to the point at which a household in the lowest 40% of the entire equivalised income distribution spends more than 30% of its gross income (including benefits) on housing costs. Such households are classed as in rental stress.

Percentage of lower-income households living in rental stress (30/40 method); by tenure​

Socia​l rental
​Private rental
Non-quali​fie​d rental

It should be noted that this is not updated annually, being only possible to update after a Living Cost and Household Income Survey has been completed.

Movements in the housing market

Looking at transactions where the purchasers bought and sold exactly one property in the same period, it is possible to compare the properties they have moved between. In 2023, of the transactions included in this analysis, 65 households upsized, 44 downsized and 30 moved to a property of the same size. These movements resulted in 30 more bedrooms being occupied by households.

​​Difference in property price for upsizing households

​​​​​​MedianMean ​MedianMean​​​
Per bedroom£205,000

Difference in property price for downsizing households​​


​​​​​​MedianMean ​MedianMean​​​
Per bedroom(£163,000)

Values within brackets signify that an average household has moved to a less expensive property.​

​Previo​us rep​orts

The latest housing affordability report is included in the most recent fourth quarter House Price Index report above, and should be referred to in the first instance as it has the most recent figures and revisions. For reference, previous housing affordability reports are listed below.

Jersey House Price Index Report Fourth Quarter 2023

Jersey House Price Index Report Fourth Quarter 2022

Jersey House Price Index Report Fourth Quarter 2021

Jersey House Price Index Report Fourth Quarter 2020

Jersey House Price Index Report Fourth Quarter 2019

Jersey House Price Index Report Fourth Quarter 2018

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

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