House price report for Q2 2017

17 August 2017

The House Price Index report for the second quarter of 2017 has been published by the Statistics Unit.

In the second quarter of 2017:

• on a rolling four-quarter basis, the mix-adjusted average price of dwellings sold in Jersey during the year ending Q2 2017 was essentially unchanged when compared with the year ending Q1 2017
• on a quarterly basis:
• the seasonally adjusted mix-adjusted average price in Q2 2017 was 2% higher than in the previous quarter and 2% higher than the corresponding quarter in 2016 (Q2 2016)
• most individual property types recorded higher mean property prices in Q2 2017 compared with Q1 2017, with only 4-bedroom houses recording a marginal decrease in mean price
• the turnover of properties was higher than the previous quarter and the highest recorded quarterly figure since 2006
• overall housing market activity, on a rolling four-quarter basis, was 7% higher than in the previous quarter
• on a rolling four-quarter basis, rental prices in Jersey were 1% higher during the year ending Q2 2017 when compared with the year ending Q1 2017

House Price Index report for second quarter 2017