House Price Index report for Q2 2015

20 August 2015

The latest House Price Index has been released by the States Statistics Unit:

on a rolling four-quarter basis, the mix-adjusted average price of dwellings sold in Jersey during the year ending Q2 2015 was 1% lower than in the previous quarter (ending Q1 2015) and 4% higher than the corresponding quarter in 2014 (ending Q2 2014)
on a quarterly basis:

the seasonally adjusted mix-adjusted average price in Q2 2015 was 3% lower than in the previous quarter (Q1 2015)
1-bedroom flats recorded higher mean prices than in the previous quarter
2- and 3-bedroom houses and 2-bedroom flats, all recorded lower mean prices
4-bedroom houses recorded largely unchanged mean prices

the turnover of properties in Q2 2015 was higher than in the previous quarter
(Q1 2015), and was the highest quarterly figure recorded since 2008
overall housing market activity, on a rolling four-quarter basis, was 2% higher than in the
previous quarter (Q1 2015) and 7% higher than the corresponding quarter of 2014 (Q2 2014)
share transfer transactions accounted for almost two-thirds (64%) of all eligible flat sales in
Q2 2015, an increased proportion to that recorded in calendar year 2014