19 May 2022
The house price report for the first quarter 2022 has been published today by Statistics Jersey.
The Jersey House Price Index measures the combined average price of 1- and 2-bedroom flats together with 2-, 3- and 4-bedroom houses. The index includes properties transacted through the Royal Court as well as share transfer properties.
Summary
In the first quarter of 2022:
- on a rolling four-quarter basis, the mix-adjusted average price of dwellings sold in Jersey during the year ending Q1 2022 was 4% higher when compared with the previous quarter (year ending Q4 2021)
- on a quarterly basis:
- the seasonally adjusted mix-adjusted average price was essentially unchanged compared with the previous quarter and 16% higher than in the corresponding quarter of 2021 (Q1 2021)
- 2- bedroom flats and 3- bedroom houses saw their mean price increase compared to the previous quarter
- all other property types saw a decrease or no change in their mean price compared to the previous quarter
- the turnover of properties was 5% higher than in Q1 2021 and 31% lower than in the previous quarter (Q4 2021)
- overall housing market activity, on a rolling four-quarter basis, was 4% higher than in the previous quarter (Q4 2021) and 39% higher than in the corresponding quarter of 2021
- on a rolling four-quarter basis, advertised private sector rental prices were 3% higher during the year ending Q1 2022 compared with the year ending Q4 2021
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