21 February 2013
The average cost of dwellings in Jersey is measured by the Jersey House Price Index. This index measures the combined weighted average price of one and two-bedroom flats and two, three and four-bedroom houses.
The report for quarter four (Q4) 2012 shows that:
- the mix-adjusted average price of dwellings sold in Jersey in calendar year 2012 was 1% lower than in 2011
- 2012 represents the third consecutive year in which dwelling prices in Jersey have recorded a small decrease on an annual basis; over the four-year period from 2009 to 2012, the overall average price has fallen by 4%
- the mean prices of 1- and 2-bedroom flats and of 2-bedroom houses were slightly higher in 2012 than in 2011; in contrast, the mean prices of 3- and 4-bedroom houses decreased for the third consecutive year
- on a quarterly basis, in Q4 2012 the Jersey House Price Index was 2% lower than in the previous quarter, Q3 2012 and at essentially the same level as in the corresponding quarter of 2011
- the turnover of properties sold in 2012 was about 10% higher than in 2011
- share transfer properties accounted for almost three-quarters of all flats sold in 2012, a similar proportion to that seen in 2011
- the mean prices of flats and houses designated as First-Time Buyer properties which sold in 2012 were £270,000 and £430,000, respectively
Download House Price Index report for quarter four 2012 (size 588kb)
gov.je