Statistics Jersey has published its house price report for the second quarter of 2022.
The Jersey House Price Index measures the combined average price of one- and two-bedroom flats and two-, three- and four-bedroom houses.
The index includes properties transacted through the Royal Court, as well as share transfer properties.
Key points
On a rolling four-quarter basis, the mix-adjusted average price of dwellings sold in Jersey during the year ending Q2 2022 was 2% higher than the previous quarter (year ending Q1 2022).
On a quarterly basis:
• The seasonally adjusted mix-adjusted average price was 6% higher then the previous quarter and 10% higher than in the corresponding quarter of 2021.
• The mean price of three-bedroom houses decreased compared with the previous quarter.
• The mean price of all other property types increased compared with the previous quarter.
• The turnover of properties was 10% lower than in Q2 2021 and 26% higher than in Q1 2022.
• Overall housing market activity, on a rolling four-quarter basis, was essentially unchanged compared with Q1 2022 and 12% 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 Q2 2022 compared with the year ending Q1 2022.
To view the full report click here