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Jersey Chamber of Commerce

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Category: Building & Development  Local Business News

House Price Report for the Third Quarter 2021

Nov 18, 2021


The house price report for the third quarter 2021 has been published today by Statistics Jersey.

Summary

In the third quarter of 2021:

  • on a rolling four-quarter basis, the mix-adjusted average price of dwellings sold in Jersey during the year ending Q3 2021 was 4% higher when compared with the previous quarter (year ending Q2 2021)
  • on a quarterly basis:
    • the seasonally adjusted mix-adjusted average price was essentially unchanged compared with the previous quarter and 18% higher than in the corresponding quarter of 2020 (Q3 2020)
    • 1- bedroom flats and 3- bedroom houses saw their mean price increase compared to the previous quarter
    • all other property types saw a decrease in their mean price compared to the previous quarter
  • the turnover of properties was 13% lower than in Q3 2020 and 20% lower than in the previous quarter (Q2 2021) 
  • overall housing market activity, on a rolling four-quarter basis, was 1% higher than in the previous quarter (Q2 2021) and 40% higher than in the corresponding quarter of 2020
  • on a rolling four-quarter basis, advertised private sector rental prices were 1% higher during the year ending Q3 2021 compared with the year ending Q2 2021

Read the full report

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