What does Jersey’s housing market currently look like? The latest stats are out – and for the first time show how many rental properties were bought and sold.
According to the latest House Price Index, published today for Q2 2025, the picture is largely similar to that of the first three months of the year, which saw the biggest annual house price fall on record.
Overall, house prices were unmoving compared to Q1 2025, with some categories of property decreasing further in some areas, meaning market turnover was more positive.
However, the broad price picture was different from 2024 and 14% lower than the peak in prices seen in Q3 2022.
The report outlined that turnover of properties in Jersey was 8% higher than in Q2 2024 – when they fell to an historic low – and 5% higher than Q1 2025.
More islanders purchased homes not intended as their main residence (11% of transactions) and first-time buyers accounted for 24% of property purchases, a decrease of 4% the same time last year.
38 properties sold were previously private rental properties.
A further 25 were purchased for the purposes of private rent – almost double the net change (13) of private rental accommodation than Q1 2025 (6 properties).
That resulted in a decrease of around 0.1% in private rental accommodation in Jersey, according to the report.
The quarterly analysis showed a decrease in the mean price of two and four-bedroom houses compared to the previous quarter, while the mean price of a two- bedroom flat was unchanged from Q1.
All other property types (one-bed flats and three-bed houses) saw an increase in average price compared with the first quarter of 2025.
IN A NUTSHELL…
The figures show a mixed picture across different property categories during the quarter:
- 1-bedroom flats: £310,000 ⬆ £2,000
1-bedroom flats slightly increased in price in Q2 2025 compared to Q1 of the same year but £27,000 lower than the average price at the end of 2024.
- 2-bedroom flats: £514,000 =
The average price of 2-bedroom flats sold in the latest quarter was essentially
unchanged compared to Q1 2025. Although remains much below the average £550,000 they cost in Q4 2024.
- 2-bedroom houses: £544,000 ⬇ £27,000
Two-bedroom houses were one of the few categories to decrease in value with those sold in Q2 2025 being £27,000 cheaper than the previous quarter…
- 3-bedroom houses: £734,000 ⬆ £18,000
…whereas the mean price of 3-bedroom houses sold increased by £18,000 this quarter compared to Q1 2025, although £734,000 is markedly lower than the average price of three-bed homes in Q4 2024 at £752,000.
- 4-bedroom houses: £1,152,000 ⬇ £253,000
Four-bedroom houses saw a larger decrease than any other property category this quarter (18%). It continues a trend in the category, after they fell by £96,000 from Q4 2024 into Q1 2025.