The house price report for the first quarter 2021 has been published today by Statistics Jersey.
Summary
In the first quarter of 2021:
- on a rolling four-quarter basis, the mix-adjusted average price of dwellings sold in Jersey during the year ending Q1 2021 was 2% higher when compared with the previous quarter (year ending Q4 2020)
- on a quarterly basis:
- the seasonally adjusted mix-adjusted average price was 2% higher than in the previous quarter and 9% higher than in the corresponding quarter of 2020 (Q1 2020)
- 2- 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
- 2-bedroom flats and 3-bedroom houses were at their highest mean prices seen to date
- the turnover of properties was 8% higher than in Q1 2020 and 30% lower than in the previous quarter (Q4 2020)
- overall housing market activity, on a rolling four-quarter basis, was around 4% higher than in the previous quarter (Q4 2020) and 1% higher than in the corresponding quarter of 2020
- on a rolling four-quarter basis, advertised private sector rental prices were 1% lower during the year ending Q1 2021 compared with the year ending Q4 2020
Government of Jersey News Release.