House prices 'broadly stable' as sales increase

Statistics Jersey said the number of sales was lower than the same time in 2020

Property sales remained below levels from the start of the decade despite a year-on-year rise, a report said.

Statistics Jersey's House Price Index (HPI) said 287 properties were sold during the third quarter of 2025, an increase of 26% compared to the previous three months' figure of 228.

It added sales were 55% higher compared to the third quarter of 2024 when 185 properties were sold, but lower than the same period in previous years with 438 sales recorded in 2020.

The HPI, which tracks the cost of one and two-bedroom flats and two, three and four-bedroom houses in Jersey, said average prices were "broadly stable" over the year ending at quarter three.

A total of 732 property sales have been recorded in the first three quarters of 2025, the HPI said, which is higher than the 712 reported in the whole of 2024 and 78 more than the first three quarters of 2023.

Total market activity in the quarter increased by 58% compared to the same period in 2024, the HPI added.

It said the average price of properties was "essentially unchanged" from the previous quarter of 2025.

The average property price in quarter three of 2025 was £580,000, an increase of about 2% from £569,000 from quarter three of 2024.

Figures from the HPI said the mean price of a one-bedroom flat had gone up by £15,000 from the previous quarter to £325,000 while two-bedroom flat prices were at £523,000 - an increase of £9,000 from quarter two.

Two-bedroom houses sold in the last quarter had a mean price of £565,000, which was £21,000 higher than quarter two.

The price of three-bedroom houses in Jersey was £29,000 higher than the previous quarter with the average price sitting at £763,000.

The HPI said the average price of a four-bedroom house sold in quarter three was £1,280,000, up by £128,000 in quarter two.