The house price report for the second quarter 2021 has been published today by Statistics Jersey.
Summary
In the second quarter of 2021:
- on a rolling four-quarter basis, the mix-adjusted average price of dwellings sold in Jersey during the year ending Q2 2021 was 4% higher when compared with the previous quarter (year ending Q1 2021)
- on a quarterly basis:
- the seasonally adjusted mix-adjusted average price was 11% higher than in the previous quarter and 18% higher than in the corresponding quarter of 2020 (Q2 2020)
- all property types saw their mean price increase compared to the previous quarter
- a significant number of properties, compared to previous quarters, transacted for greater than £1,000,000, particularly 3- and 4-bedroom houses
- the turnover of properties was 134% higher than in Q2 2020 and 47% higher than in the previous quarter (Q1 2021)
- overall housing market activity, on a rolling four-quarter basis, was 24% higher than in the previous quarter (Q1 2021) and 47% 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 Q2 2021 compared with the year ending Q1 2021