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Information and public services for the Island of Jersey

L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri

House price report for the third quarter 2022

17 November 2022

​​The house price report for the third 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 third quarter of 2022:
  • on a rolling four-quarter basis, the mix-adjusted average price of dwellings sold in Jersey during the year ending Q3 2022 was 3% higher when compared with the previous quarter (year ending Q2 2022)
  • on a quarterly basis:
    • the seasonally adjusted mix-adjusted average price was 3% higher compared with the previous quarter and 13% higher than in the corresponding quarter of 2021 (Q3 2021)
    • 2-bedroom houses saw their mean price decrease compared to the previous quarter
    • all other property types saw an increase in their mean price compared to the previous quarter or were essentially unchanged
  • the turnover of properties was 8% higher than in Q3 2021
  • overall housing market activity, on a rolling four-quarter basis, was 5% higher compared with the previous quarter (Q2 2022) and 16% higher than in the corresponding quarter of 2021
  • on a rolling four-quarter basis, advertised private sector rental prices were 2% higher during the year ending Q3 2022 compared with the year ending Q2 2022
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