House Prices 1st Quarter 2019
The House Price Index report for the first quarter of 2019 has been published by Statistics Jersey.
In the first quarter of 2019.
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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)
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on a quarterly basis:
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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)
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all property types, except 4-bedroom houses, saw an increase in mean price compared with the previous quarter
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the turnover of properties was essentially at the same level as in Q1 2018 but was a third lower than in the previous quarter (Q4 2018)
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3-bedroom houses recorded the lowest number of transactions since Q2 2013
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overall housing market activity, on a rolling four-quarter basis, was 1% higher when compared with the previous quarter (Q4 2018) and 13% higher than in the corresponding quarter of 2018
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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