Skip to main content Skip to accessibility
This website is not compatible with your web browser. You should install a newer browser. If you live in Jersey and need help upgrading call the States of Jersey web team on 440099.
gov.je

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

House price statistics

Latest report and data

In the fourth quarter of 2016:

  • on a rolling four-quarter basis, the mix-adjusted average price of dwellings sold in Jersey during the year ending Q4 2016 was 1% higher than the previous quarter (ending Q3 2016)

  • on a quarterly basis:

    • the seasonally adjusted mix-adjusted average price in Q4 2016 was 2% higher compared with the previous quarter and 4% higher than the corresponding quarter in 2015

    • 1- and 2- bedroom flats both recorded higher mean prices than in the previous quarter

    • 2-bedroom houses recorded lower mean prices than in the previous quarter

    • 3- and 4- bedroom houses both recorded increases in mean prices, and, in both cases, this most recent figure represents the highest mean price for these classes of property recorded to date

  • the turnover of properties in Q4 2016 was the highest recorded quarterly figure since 2006

  • overall housing market activity, on a rolling four-quarter basis, was 4% higher than in the previous quarter (Q3 2016) and 17% higher than the corresponding quarter of 2015

  • on a rolling four-quarter basis, rental prices in Jersey were 1% higher during the year ending Q4 2016 than in the previous quarter (ending Q3 2016)

Chart showing the Jersey House Price Index from Q1 2002 to Q4 2016

Download house price index report for fourth quarter 2016 (size 887kb)

Download Jersey house price index numbers (size 39kb)

Download average price​​s by type of dwelling (​size 18kb)

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.

Download house price index report for fourth quarter 2016 (size 887kb)

Download Jersey private sector rental rental index 2007 to 2012 (size 24kb)

Back to top
rating button