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Information and public services for the Island of Jersey

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

House Price Index report for Q4 2015

25 February 2016

​The house price report for the fourth quarter of 2015 has been released by the States Statistics Unit.

In 2015:

  • on a calendar year basis:
    • the Jersey House Price Index was 4% higher than in 2014, representing the second consecutive annual increase in property prices
    • houses of all sizes saw average prices increase in 2015, ​with 2-, 3- and 4- bedroom houses all recording their highest ever annual averages, while​ flat prices were essentially unchanged from that seen over the last few years
  • the turnover of properties in 2015 was 7% higher than in the previous year

​In the fourth quarter of 2015:

  • on a rolling four-quarter basis, the mix-adjusted average price of dwellings sold in Jersey during the year ending Q4 2015 was essentially unchanged compared with the previous quarter (ending Q3 2015)
  • on a quarterly basis:
    • the seasonally adjusted mix-adjusted average price in Q4 2015 was essentially unchanged compared with the previous quarter and 2% higher than the corresponding quarter in 2014
    • 1-bedroom flats recorded a higher mean price than in the previous quarter
    • 2-bedroom flats recorded a mean price that was essentially unchanged compared with 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 2015 was the highest recorded quarterly figure since 2008
  • overall housing market activity, on a rolling four-quarter basis, was 5% higher than in the previous quarter (Q3 2015) and 11% higher than the corresponding quarter of 2014

Download House Price Index report for Q4 2015 (size 882kb)


 

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