House Price Index for Q2 2014

14 August 2014

The House Price Index report for Q2 2014 has been released by the Statistics Unit. The report shows that:

on a rolling four-quarter basis, the mix-adjusted average price of dwellings sold in Jersey in Q2 2014 was 1% higher than in the previous quarter (Q1 2014)
on a quarterly basis, the mix-adjusted average price in Q2 2014 was 5% higher than in the previous quarter (Q1 2014); all property types saw an increase in the mean price of properties sold compared with the previous quarter
the turnover of properties in Q2 2014 was 13% greater than in the previous quarter (Q1 2014) and at a similar level to the average seen in the latter half of 2013 (around 300 properties sold per quarter)
share transfer transactions accounted for more than half (56%) of all eligible flat sales in Q2 2014; a slightly greater proportion than in calendar year 2013