Statistics Jersey has today published the House Price Index for Q1 2025. On a rolling annual basis, average property prices were 1% lower than the previous quarter and 14% below the peak seen in Q3 2022.
Quarterly figures show a 1% increase in seasonally adjusted average prices, though still 3% down on Q1 2024. While 4-bedroom house prices rose due to a small number of high-value sales, prices for all other property types declined.
Market activity increased, with property turnover up 90% compared to Q1 2024, boosted in part by 13 sales through the First Step Scheme. Despite the rise, turnover remains below pre-2024 levels.
Private sector rental prices were stable on a rolling annual basis.