The Jersey Housing Affordability Index (JHAI) is the headline indicator of whether a working household with average (mean) income is able to purchase a median priced property affordably.
 
The latest report shows that:

• in 2013 housing affordability in Jersey worsened marginally compared to 2011 and 2012 due to increases in the overall median dwelling price and mean mortgage interest rate
• in 2013 a working household with average income was able to service a mortgage affordably on the purchase price of a median price 2 bedroom house for the first time since at least 2002
• a working household with mean net income was able to service a mortgage affordably on the purchase price of a median priced 1 bedroom flat throughout the period 2002 to 2013
• a working household with mean net income was able to service a mortgage affordably on the purchase price of a median priced 2 bedroom flat for most of the past 10 years, but not in 2006 or 2008
• in order to purchase a median priced 3 bedroom house in 2013, a household with mean net income would have needed an additional deposit of £78,000; in order to purchase a 4 bedroom house, an additional deposit of more than £280,000 would be needed
  

The Jersey Housing Affordability Report also covers:

• mortgage and rental stress (30 / 40 method) – the proportion of lower-income families that spend more than 30% of their income on housing costs
• ratio analysis - the ratio of property prices compared to household or individual income
• key worker analysis - the ability of individual key workers (nurse, police officer and teacher) to purchase lower-priced property and rent average priced property in the private sector

Download Jersey Housing Affordability Report 2013 (size 177kb)​​​