Statistics Jersey has published its house price report for the second quarter of 2021.
On a rolling four-quarter basis, the mix-adjusted average price of dwellings sold in Jersey during the year ending Q2 2021 was 4% higher than the previous quarter (year ending Q1 2021).
On a quarterly basis:
• The seasonally adjusted mix-adjusted average price was 11% higher than in the previous quarter and 18% higher than in Q2 2020.
• All property types' mean price increased compared with the previous quarter.
• A significant number of properties, compared with previous quarters, transacted for greater than £1,000,000, particularly three- and four-bedroom houses.
The turnover of properties was 134% higher than in Q2 2020 and 47% higher than in the previous quarter (Q1 2021).
Overall housing market activity, on a rolling four-quarter basis, was 24% higher than in the previous quarter (Q1 2021) and 47% higher than in the corresponding quarter of 2020.
On a rolling four-quarter basis, advertised private sector rental prices were 1% higher during the year ending Q2 2021 compared with the year ending Q1 2021.
• To read the full report click here