The average cost of a two-bedroom flat in Jersey has fallen below half-a-million pounds for the first time since 2021, according to new figures.
Statistics Jersey today published the latest House Price Index, which measures the average cost of dwellings in Jersey by combining the average price of one- and two-bedroom flats together with two-, three- and four-bedroom houses.
The new report showed that this index fell by 1% from 2024 to 2025.
Most property types saw decreases in annual mean and median prices from 2024 to 2025 – except for 4-bedroom houses, which saw an increase.
Advertised private-sector rental prices were 1% lower in 2025 than in 2024, while turnover of properties was 36% higher in 2025 than 2024.
Overall housing affordability improved on an annual basis, with most property types were more affordable to purchase than in 2024.
Four-bedroom houses were once again the exception, seeing similar levels of affordability compared to 2024.
A working household with mean net income would be able to service a mortgage affordably on the purchase price of a median-priced one-bedroom flat, but could not service a mortgage affordably on the purchase price of a two-bedroom flat or a median-priced house of any size.
This was the first quarterly House Price Index report to look into private-sector landlords in Jersey, such as how many rental properties they have.
Analysis showed over 95% of private landlords had five or fewer rental properties – and that these landlords accounted for 70% of the total private-sector rental properties in the island.
The report also looked at how property prices had changed from the third quarter to the fourth quarter of 2025…
One-bedroom flat
£299,000↓ (Down from £325,000)
The average price of a one-bedroom flat in Q4 2025 was £26,000 lower than it was in Q3 2025 – bringing it to below £300,000, which hasn’t happened since 2021.
The report said: “The annual average in 2025 was £312,000, this was a 4% decrease from the annual average in 2024 (£326,000).”
Two-bedroom flat
£496,000↓ (Down from £523,000)
The average price of a two-bedroom flat was £27,000 lower than it was during the last quarter – bringing it to below £500,000 for the first time since 2021.
The report said: “The annual average in 2025 was £510,000, this was a 2% decrease
from the annual average in 2024 (£521,000).”
Two-bedroom house
£552,000 ↓ (Down from £565,000)
The average price of a two-bedroom house was £13,000 lower than it was in the last quarter.
The report said: “The annual average in 2025 was £559,000, this was a 7% decrease from the annual average in 2024 (£604,000).”
Three-bedroom house
£732,000 ↓ (Down from £763,000)
The average price of a three-bedroom house was £31,000 lower than it was in the previous quarter.
The report added: “The annual average in 2025 was £739,000, this was a 3% decrease from the annual average in 2024 (£765,000).”
Four-bedroom house
£1,186,000 ↓ (Down from £1,280,000)
The average price of a four-bedroom house was £94,000 lower than the last quarter – but the average in 2024 was 14% higher than the year before.
The report read: “The annual average in 2025 was £1,246,000, this was a 14% increase from the annual average in 2024 (£1,092,000).”