Average house price falls by 5%, report shows
Summary
The average house price in Jersey has dropped by 5% over the past year, falling to about £569,000. The number of properties sold also decreased slightly by 1%, and the housing market remains below its peak from 2022.Key Facts
- Average house price in Jersey is now approximately £569,000, down from nearly £600,000 a year ago.
- Property sales decreased by 1% since the start of 2025.
- The number of properties sold in early 2025 was 10% lower than in the last quarter of 2025.
- The House Price Index is 18% below its highest point recorded in the third quarter of 2022.
- In the private rental sector, there was a net decrease of 19 rental units during the quarter.
- Of the properties sold, 49 were previously part of the rental market, and 30 were bought to be rented out.
- The report was published by Statistics Jersey.
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