Statistics Jersey has published the House Price Index report for the second quarter of 2019, as summarised below:
• On a rolling four-quarter basis, the mix-adjusted average price of dwellings sold in Jersey during the year ending Q2 2019 was 2% higher when compared with the previous quarter (year ending Q1 2019).
• On a quarterly basis, the seasonally adjusted mix-adjusted average price was 2% higher than in the previous quarter and 8% higher than in the corresponding quarter of 2018 (Q2 2018).
• Also on a quarterly basis, prices of larger property types (three- and four-bedroom houses) increased in mean price compared with the previous quarter.
• All other property types decreased in mean price compared with the previous quarter.
• The turnover of properties was almost a fifth (19%) higher than in Q2 2018, and the highest recorded quarterly turnover since at least 2010.
• Overall housing market activity, on a rolling four-quarter basis, was 7% higher when compared with the previous quarter (Q1 2019) and 20% higher than in the corresponding quarter of 2018.
• On a rolling four-quarter basis, advertised private sector rental prices increased by 2% during the year ending Q2 2019 compared with the year ending Q1 2019.
To view the full report click here