20 August 2020
The house price report for the second quarter 2020 has been published today by Statistics Jersey.
In the second quarter of 2020:
- on a rolling four-quarter basis, the mix-adjusted average price of dwellings sold in Jersey during the year ending Q2 2020 was 1% higher compared with the previous quarter (year ending Q1 2020)
- on a quarterly basis:
- the seasonally adjusted mix-adjusted average price was 1% higher than in the previous quarter and was 4% higher than in the corresponding quarter of 2019 (Q2 2019)
- 1-bedroom flats and 3-bedroom houses saw a decrease in mean price compared with the previous quarter, down by 1% and 2% respectively
- all other property types saw an increase in mean price compared with the previous quarter
- the turnover of properties was 56% lower than in Q2 2019 and 32% lower than in Q1 2020
- Q2 2020 saw the lowest quarterly turnover for more than 7 years, since Q1 2013
- overall housing market activity, on a quarterly basis, was 31% lower compared with the previous quarter (Q1 2020) and was 54% lower than in the corresponding quarter of 2019
- on a rolling four-quarter basis, advertised private sector rental prices increased by 1% during the year ending Q2 2020 compared with the year ending Q1 2020
Read the full report here
gov.je