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Jersey Chamber of Commerce

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Category: Local Business News  States of Jersey

House price report for the second quarter 2020 published

Aug 21, 2020


The house price report for the second quarter 2020 has been published today by Statistics Jersey.

In the second quarter of 2020:

  • on a rolling four-quarter basis, the mix-adjusted average price of dwellings sold in Jersey during the year ending Q2 2020 was 1% higher compared with the previous quarter (year ending Q1 2020)
  • on a quarterly basis:
    • the seasonally adjusted mix-adjusted average price was 1% higher than in the previous quarter and was 4% higher than in the corresponding quarter of 2019 (Q2 2019)
    • 1-bedroom flats and 3-bedroom houses saw a decrease in mean price compared with the previous quarter, down by 1% and 2% respectively
    • all other property types saw an increase in mean price compared with the previous quarter
  • the turnover of properties was 56% lower than in Q2 2019 and 32% lower than in Q1 2020
    • Q2 2020 saw the lowest quarterly turnover for more than 7 years, since Q1 2013
  • overall housing market activity, on a quarterly basis, was 31% lower compared with the previous quarter (Q1 2020) and was 54% lower than in the corresponding quarter of 2019
  • on a rolling four-quarter basis, advertised private sector rental prices increased by 1% during the year ending Q2 2020 compared with the year ending Q1 2020

Read the full report here

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