Comparison with the United Kingdom
The methodology used in the United Kingdom is comparable with that in Jersey. Statistics Jersey takes publicly available Office for National Statistics (ONS) data and calculates quarterly averages for regions of the UK.
In the fourth quarter of 2023, the mix-adjusted average price for Jersey was greater than in London and more than twice the average in the UK as a whole.
Mix-adjusted average prices in Jersey and the UK (in £,000’s)
Jersey
| 636
|
|---|
United Kingdom
| 286
|
|---|
England
| 303
|
|---|
Wales
| 213
|
|---|
Scotland
| 191
|
|---|
Northern Ireland
| 178
|
|---|
London
| 511
|
|---|
South East (excluding London)
| 384
|
|---|
East
| 345
|
|---|
South West
| 322
|
|---|
West Midlands
| 250
|
|---|
East Midlands
| 247
|
|---|
North West
| 216
|
|---|
Yorkshire and the Humber
| 209
|
|---|
North East
| 159
|
|---|
More information on UK house prices are on the ONS website www.ons.gov.uk.
Comparison with Guernsey
Guernsey uses a different methodology to that of Jersey and the UK. To compare with Guernsey a consistent basis, the Guernsey methodology is used instead of the methodology used in the Jersey House Price Index. Calculated using the methodology implemented in Guernsey, the mix-adjusted average price of properties sold in Jersey in the fourth quarter of 2023 was £702,000. This was £93,000 higher than the mix-adjusted average price of local market properties sold in Guernsey of £609,000.
Comparable (mix-adjusted) house prices in Guernsey and Jersey
Source: Statistics Jersey and States of Guernsey Data Analytics,
download the chart data
More information on Guernsey house prices is available on the Government of Guernsey website www.gov.gg/property.
gov.je