House price report for Q4 2016

16 February 2017

The house price report for the fourth quarter of 2016 has been released by the States Statistics Unit.

The latest report shows that:

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)