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Information and public services for the Island of Jersey

L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri

House prices remain stable

17 February 2011

The House Price Index report for quarter 4 2010 has been released by the Statistics Unit.

The House Price Index measures the combined weighted average price of 1 and 2-bedroom flats and 2, 3 and 4-bedroom houses. The latest report shows that:
  • the Jersey House Price Index has been essentially flat over the 3-year period 2008 to 2010
  • the mix-adjusted average price of dwellings sold in 2010 was 2% below that of 2009
  • the latter year had recorded an increase of 2% on 2008
  • the average price of flats which sold in 2010 was 6% lower than in 2009
  • houses saw smaller price changes, average prices of 3 and 4-bedroom houses sold in 2010 were 2% and 1% lower, respectively, than in 2009; in contrast, 2-bedroom houses recorded a small increase of 2%
  • on a shorter time frame the average price of dwellings sold in the latter 6 months of 2010 returned to a similar level to that of 2009, having fallen by about 5% in the first 6 months of the year
  • the number of properties sold in 2010 was similar to 2009 and 2008, but remained about a quarter below the longer term average seen prior to mid-2008

House Price Index report for quarter 4 2010 (government and administration section)

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