The average cost of a home in the island was 3% lower than it was at the start of last year, according to the new figures.
Released today by Statistics Jersey, the House Price Index report covering the first three months of 2025 also showed a 90% increase in the number of properties sold, compared to the same period in 2024.
The report noted that this was influenced by sales completed as part of the ‘First Step’ assisted home ownership scheme, which was launched last year.
Although turnover was significantly higher than a year earlier, it was still 29% below the first-quarter average from 2021 to 2023.
Advertised rental prices in Jersey were 1% lower when compared with the previous quarter.
Broken down by home type, the change in average house prices from Q4 2024 to Q1 2025 were as follows…