Jersey homes continue to outstrip London prices
Thursday 14 November 2019
The average price of a property in Jersey has gone up again, to £521,000, a rise of 8% on the same period last year.
That puts Jersey well above London where the average price, calculated on the same basis, is £477,000 - it's also well above the price in Guernsey.
The last quarter's statistics were released this morning by the Statistics Unit, and they show that in the third quarter of 2019:
- on a rolling four-quarter basis, the mix-adjusted average price of dwellings sold in Jersey during the year ending Q3 2019 was 2% higher when compared with the previous quarter (year ending Q2 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 (Q3 2018)
- larger property types, 3- & 4-bedroom houses, saw decreases in mean price compared with the previous quarter
- all other property types saw increases in mean price compared with the previous quarter
- overall housing market activity, on a rolling four-quarter basis, was essentially unchanged (0.4% higher) when compared with the previous quarter (Q2 2019) and 15% higher than in the corresponding quarter of 2018;
- on a rolling four-quarter basis, advertised private sector rental prices increased by 1% during the year ending Q3 2019 compared with the year ending Q2 2019.
Pictured: the key stats from the last quarter's survey.
However, the turnover of properties was 6% lower than in Q3 2018 and was a fifth (20%) lower than the previous quarter (Q2 2019).
You can read the full house prices report
here. 
Comments
Comments on this story express the views of the commentator only, not Bailiwick Publishing. We are unable to guarantee the accuracy of any of those comments.