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House Price report for Q2 2018

The House Price Index report for the second quarter of 2018 has been published by Statistics Jersey.

In the second quarter of 2018:
 
  • on a rolling four-quarter basis, the mix-adjusted average price of dwellings sold in Jersey during the year ending Q2 2018 was 2% higher when compared with the year ending Q1 2018
  • on a quarterly basis: 
    • the seasonally adjusted mix-adjusted average price in Q2 2018 was 3% higher than in the previous quarter and 6% higher than the corresponding quarter in 2017 (Q2 2017)
    • most individual property types recorded lower mean property prices than in the previous quarter, with 1-bedroom flats the only property type to record an increase in mean price
    • all property types saw an increase in mean price on the corresponding quarter of 2017 (Q2 2017) and generally remained at levels greater than seen throughout 2017
  • the turnover of properties was higher than the previous quarter but lower than the corresponding quarter of 2017
  • overall housing market activity, on a rolling four-quarter basis, was 1% higher than in the previous quarter
  • on a rolling four-quarter basis, rental prices in Jersey increased by 2% during the year ending Q2 2018 when compared with the year ending Q1 2018

For the full report, please click the following; https://www.gov.je/SiteCollectionDocuments/Government%20and%20administration/R%20House%20Price%20Index%20Q2%202018%2020180816%20SU.pdf