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
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.
