The Jersey House Price Index report for the first quarter of 2019 has been published by Statistics Jersey. The key points are as follows:
• On a rolling four-quarter basis, the mix-adjusted average price of dwellings sold in Jersey during the year ending Q1 2019 was essentially unchanged compared with the previous quarter (year ending Q4 2018).
• On a quarterly basis, the seasonally adjusted mix-adjusted average price was 4% higher than in the previous quarter and 2% higher than in the corresponding quarter of 2018 (Q1 2018).
• Also on a quarterly basis, all property types except four-bedroom houses saw an increase in mean price compared with the previous quarter.
• The turnover of properties was essentially at the same level as in Q1 2018 but a third lower than in the previous quarter (Q4 2018).
• Three-bedroom houses recorded the lowest number of transactions since Q2 2013.
• Overall housing market activity, on a rolling four-quarter basis, was 1% higher than the previous quarter (Q4 2018) and 13% higher than in the corresponding quarter of 2018.
• On a rolling four-quarter basis, advertised private sector rental prices increased by 4% during the year ending Q1 2019 compared with the year ending Q4 2018.
To view the Jersey House Price Index click here