House prices report for Q1 2018

24 May 2018

The House Price Index report for the first quarter of 2018 has been published by Statistics Jersey.

In the first quarter of 2018:

on a rolling four-quarter basis, the mix-adjusted average price of dwellings sold during the year ending Q1 2018 was 3% higher when compared with the year ending Q4 2017
the quarterly seasonally adjusted mix-adjusted average price in Q1 2018 was 6% higher than in the previous quarter
on an annual basis the mix-adjusted average price in Q1 2018 was 12% higher than the corresponding quarter in 2017 (Q1 2017)
most individual property types recorded higher mean property prices in Q1 2018 compared with Q4 2017, with 1-bedroom flats the only property type to record a decrease in mean price
the turnover of properties was lower than both the previous quarter and the corresponding quarter of 2017
overall housing market activity, on a rolling four-quarter basis, was 2% higher than in the previous quarter
on a rolling four-quarter basis, rental prices in Jersey were essentially unchanged during the year ending Q1 2018 when compared with the year ending Q4 2017