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House prices report for the third quarter 2018 published

22 November 2018

HousePriceImage

​The House Price Index report for the third quarter of 2018 has been published by Statistics Jersey.

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
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