Rate of house sales increases by 8%, data shows

The average price was 1% lower than the second quarter of 2024

House prices in Jersey remain "unchanged" since the first quarter of 2025, new figures show, but the rate of sales has increased.

Statistics Jersey said the average price of properties sold on the island remained "broadly stable" in the second quarter of 2025.

Data showed property turnover continued to improve and was 8% higher than the same period in 2024, with a 5% rise compared to the first quarter of 2025.

Figures showed that on a rolling four-quarter basis, prices remained 14% below the peak, which was recorded in the third quarter of 2022.

Statistics Jersey said the average property price was 1% lower than the second quarter of 2024.

The Jersey House Price Index (HPI) measures the combined average price of properties.

It showed the mean average price of one-bedroom flats sold in the latest quarter was £310,000, or £2,000 higher than in the first quarter of 2025.

While the the mean average price of two-bedroom flats was £514,000, which it said was "essentially unchanged" compared with the previous quarter.

Two-bedroom houses sold in the latest quarter were about £544,000, which was £27,000 lower than in the previous quarter, while the mean average price of three-bedroom houses increased by £18,000.

It said overall, housing market activity on a rolling four-quarter basis had seen an increase of 2% compared with the previous quarter and was 18% higher than the second quarter of 2024.