House Prices for 2nd Quarter of 2019
The number of property transactions was up by a fifth on the same period last year, with 487 home changing hands through the Royal Court and the big winners were the 3 and 4 bedroom homes. They sold for an average of £664,000 and £979,000 respectively.
The House Price Index report for the second quarter of 2019 has been published by Statistics Jersey.
HOUSE PRICES UP 8% Annually:
In the second quarter of 2019 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)
Larger property types, 3- & 4-bedroom houses, saw increases in mean price compared with the previous quarter
all other property types saw decreases in mean price compared with the previous quarter.
The turnover of properties was almost a fifth (19%) higher than in Q2 2018 and was 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