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