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Jersey Chamber of Commerce

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Category: Local Business News  States of Jersey

House Price Report - First Quarter 2022

May 20, 2022


The house price report for the first quarter 2022 has been published today by Statistics Jersey. 

The Jersey House Price Index measures the combined average price of 1- and 2-bedroom flats together with 2-, 3- and 4-bedroom houses. The index includes properties transacted through the Royal Court as well as share transfer properties. 

Summary

In the first quarter of 2022:

  • on a rolling four-quarter basis, the mix-adjusted average price of dwellings sold in Jersey during the year ending Q1 2022 was 4% higher when compared with the previous quarter (year ending Q4 2021)
  • on a quarterly basis:
    • the seasonally adjusted mix-adjusted average price was essentially unchanged compared with the previous quarter and 16% higher than in the corresponding quarter of 2021 (Q1 2021)
    • 2- bedroom flats and 3- bedroom houses saw their mean price increase compared to the previous quarter
    • all other property types saw a decrease or no change in their mean price compared to the previous quarter
  • the turnover of properties was 5% higher than in Q1 2021 and 31% lower than in the previous quarter (Q4 2021) 
  • overall housing market activity, on a rolling four-quarter basis, was 4% higher than in the previous quarter (Q4 2021) and 39% higher than in the corresponding quarter of 2021
  • on a rolling four-quarter basis, advertised private sector rental prices were 3% higher during the year ending Q1 2022 compared with the year ending Q4 2021

Read the full report

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