The house price report for the third quarter 2020 has been published by Statistics Jersey, including the following key points:
• On a rolling four-quarter basis, the mix-adjusted average price of dwellings sold in Jersey during the year ending Q3 2020 was 1% higher compared with the previous quarter (year ending Q2 2020).
• On a quarterly basis, the seasonally adjusted mix-adjusted average price was 1% higher than in the previous quarter and 3% higher than in the corresponding quarter of 2019 (Q3 2019).
• The mean price of two- and three-bedroom houses and one-bedroom flats increased compared with the previous quarter – each of these property types recorded their highest mean prices to date.
• In contrast, the mean price of two-bedroom flats and four-bedroom houses decreased compared with the previous quarter.
• The turnover of properties was more than double that in the previous quarter, Q2 2020, which had seen the lowest quarterly turnover for more than seven years.
• Turnover was a sixth (16%) higher than in the corresponding quarter of 2019 (Q3 2019).
• Overall housing market activity, on a quarterly basis, was more than double that in the previous quarter (Q2 2020) and almost a fifth (19%) higher than in the corresponding quarter of 2019.
• On a rolling four-quarter basis, advertised private sector rental prices increased by 1% during the year ending Q3 2020 compared with the year ending Q2 2020.
To read the full report click here