The house price report for the first quarter of 2021 has been published by Statistics Jersey.
On a rolling four-quarter basis, the mix-adjusted average price of dwellings sold in Jersey during the year ending Q1 2021 was 2% higher when compared with the previous quarter (year ending Q4 2020).
On a quarterly basis:
• The seasonally adjusted mix-adjusted average price was 2% higher than in the previous quarter and 9% higher than in the corresponding quarter of 2020 (Q1 2020).
• The mean price of two-bedroom flats and three-bedroom houses increased on the previous quarter.
• The mean price of all other property types decreased compared with the previous quarter.
• Two-bedroom flats and three-bedroom houses were at their highest mean prices seen to date.
The turnover of properties was 8% higher than in Q1 2020 and 30% lower than in the previous quarter (Q4 2020).
Overall housing market activity, on a rolling four-quarter basis, was around 4% higher than in Q4 2020 and 1% higher than in the corresponding quarter of 2020.
On a rolling four-quarter basis, advertised private sector rental prices were 1% lower during the year ending Q1 2021 compared with the year ending Q4 2020.
• To read the full report click here