Jersey property prices rise by 2% in second quarter

Image caption, Private sector rental prices rose by 2% in the second quarter of 2022

House prices in Jersey rose by 2% in the second quarter (Q2) of 2022.

The island recorded its highest annual average price rise by 16% in the first quarter of the year.

reported the price of three and four bedroom homes had decreased, with all other property types increasing.

Private sector rental prices were 2% higher than at the beginning of 2022.

The average property prices for Jersey in Q2 were:

  • One-bedroom flat - Β£353,000 (Q1 Β£339,000)
  • Two-bedroom flat - Β£536,000 (Q1 Β£496,000)
  • Two-bedroom property - Β£664,000 (Q1 Β£652,000)
  • Three-bedroom property - Β£853,000 (Q1 Β£861,000)
  • Four-bedroom property - Β£1329,000 (Q1 Β£1,339,000)