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House price statistics

Latest report and data

Read the latest house price index report for third quarter 2018.

In the third quarter of 2018:

  • on a rolling four-quarter basis, the mix-adjusted average price of dwellings sold in Jersey during the year ending Q3 2018 was 2% higher when compared with the year ending Q2 2018
  • on a quarterly basis: 
    • the seasonally adjusted mix-adjusted average price in Q3 2018 was 1% higher than in the previous quarter and 6% higher than the corresponding quarter in 2017 (Q3 2017)
    • houses recorded higher mean property prices when compared with Q2 2018, whilst flats recorded lower mean property prices when compared with Q2 2018
    • all property types saw an increase in mean price on the corresponding quarter of 2017 (Q3 2017) and generally remained at levels greater than seen throughout 2017
  • the turnover of properties was 14% higher than the corresponding quarter of 2017
  • overall housing market activity, on a rolling four-quarter basis, was 5% higher than in the previous quarter
  • on a rolling four-quarter basis, rental prices in Jersey increased by 3% during the year ending Q3 2018 when compared with the year ending Q2 2018

Jersey House Price Index

 

Source: Statistics Jerseychart data

Previous reports

You can search by year for previous House Price Index reports on Statistics Jersey reports and documents

​​​​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 2017. The most recent increase in the Jersey House Price Index recorded in 2017 was 3% compared with 2016. This represents the fourth 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.

All property types recorded increases in mean price in 2017 compared with 2016.

Shown below are mean prices for specific property types from 2006 to 2017.

Mean prices for individual property types 2006 to 2017

​Year​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​
​2017
£227,000​
£355,000​£420,000​£556,000​£835,000​

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 2017

​Year​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​
​2017
£226,000​£330,000​£407,000​£525,000​£755,000​

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.

Retail price, average earnings and house price indicies

 

Source: Statistics Jersey, chart data

Calculating the Jersey House Price Index

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.

Data Tables

You can access the data tables on the open data website.

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