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

House price statistics

Latest report and data

In the third quarter of 2017:

  • on a rolling four-quarter basis, the mix-adjusted average price of dwellings sold in Jersey during the year ending Q3 2017 was 1% higher when compared with the year ending Q2 2017

  • on a quarterly basis: 

    • the seasonally adjusted mix-adjusted average price in Q3 2017 was 1% higher than in the previous quarter and 2% higher than the corresponding quarter in 2016 (Q3 2016)

    • most individual property types recorded higher mean property prices in Q3 2017 compared with Q2 2017, with 1-bedroom flats and 2-bedroom houses recording marginal decreases in mean prices

  • the turnover of properties was lower than both the previous quarter and the corresponding quarter of 2016

  • overall housing market activity, on a rolling four-quarter basis, was 1% lower than in the previous quarter

  • on a rolling four-quarter basis, rental prices in Jersey was essentially unchanged during the year ending Q3 2017 when compared with the year ending Q2 2017

Chart showing the Jersey House Price Index from 2002 to date

House price index report for third quarter 2017

Jersey house price index numbers

Average price​​s by type of dwelling

Previous reports

You can search by year for previous House Price Index reports on the Statistics Unit reports and documents page. 

​​​​Long term trends in house prices

Chart showing the annual percentage change in the Jersey House Price Index from 1986 to 2016 

The above figure shows the property price changes in Jersey on a calendar year basis from 1986 to 2016. The most recent increase in the Jersey House Price Index recorded in 2016 was 4% compared with 2015. This represents the third consecutive annual increase following four years of decline.

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.

Almost all property types recorded increases in mean price in 2016 compared with 2015.

Shown below are mean prices for specific property types from 2006 to 2016.

Mean prices for individual property types 2006 to 2016

​Flats ​​Houses ​ ​
​One bed ​Two bed ​Two bed ​​Three bed ​Four bed
​2006£170,000​£255,000​£297,000​£381,000​£493,000​
​2007​£180,000£251,000​​£340,000£435,000​​£571,000
​2008​£234,000£325,000​​£400,000£518,000​​£677,000
​2009​£233,000£319,000​​£400,000£522,000​​£723,000
​2010£213,000​£308,000​£409,000​£512,000​£715,000​
​2011​£198,000£333,000​​£383,000£511,000​​£680,000
​2012​£205,000£342,000​​£391,000£487,000​​£671,000
​2013​£210,000£332,000​​£375,000£484,000​​£674,000
​2014​£211,000£341,000​​£405,000£502,000​​£694,000
​2015​£214,000£332,000​​£422,000£527,000​​£744,000
​2016£219,000​£349,000​£415,000​​£534,000£824,000​

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 2010 to 2016

​Flats ​​Houses ​ ​
​One bed ​Two bed ​Two bed ​​Three bed ​Four bed
​2010£214,000​£295,000​£393,000​£475,000​£716,000​
​2011​£182,000£295,000​​£375,000£465,000​​£688,000
​2012​£198,000£300,000​​£390,000£455,000​​£638,000
​2013​£210,000£305,000​​£360,000£445,000​​£650,000
​2014​£210,000£320,000​​£375,000£475,000​​£660,000
2015​£215,000£315,000​​£400,000£483,000​​£740,000
​2016£220,000​£320,000​£400,000​£495,000​£770,000​

House prices, retail prices and earnings

A comparison between the Jersey Retail Prices Index, the Index of Average Earnings and the House Price Index is shown below. Since 1997 house prices in Jersey have seen a greater overall increase than earnings and retail prices.

Chart showing retail prices, average earnings and house price indicies 

How is the Jersey House Price Index calculated?

The average cost of dwellings in Jersey is measured quarterly 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 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 Taxes Office 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.

Private Sector Rental Index

The Jersey Private Sector Rental Index was published from 2007 until 2012 using rental consent data from the States of Jersey Population Office. The index was derived from the mean rent of properties for which rental consents were granted by the Population Office during each quarter, not from all private sector rents in the Island.

The Private Sector Rental Index was not produced from December 2012 to June 2015 due to the rental data no longer being collected. More recently a revised index has been produced using advertised rental prices from both internet and classified adverts. This data is currently published as part of the house price index report.

House price index report for fourth quarter 2016

Jersey private sector rental rental index 2007 to 2012

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