House prices up 5% as property purchases surge

The number of properties changing hands in Jersey is up by more than a third, as the cost of the average home increases to £626,000.

The House Price Index for the second quarter of 2026 has been published by Statistics Jersey.

Between 1 April and 30 June, 282 properties were sold in Jersey, compared to 228 during the same period last year and 214 between 1 January and 30 March.

The average property price in Jersey is now £626,000, up from £596,000 during the same period in 2025.

Mean prices by size in Q2 2026 compared with the previous quarter:

• 1 bedroom flat  - £326,000, up £16,000
• 2 bedroom flat  - £580,000, up £74,000
• 2 bedroom house - £601,000, up £130,000
• 3 bedroom house  - £797,000, up £61,000
• 4 bedroom house  - £1,122,000, up £112,000

On a rolling four-quarter basis, the average price of properties sold in Jersey during the year ending 30 June 2026 was 1% higher, when compared with the previous quarter.

It was 12% lower than the peak seen in the year ending March 2023.

Overall housing market activity increased by 7% compared to the first quarter of 2026 and was 23% higher than the same period in 2025.

Advertised private sector rental prices were 1% lower compared with the first quarter of 2026.

Housing Minister, Deputy Malcolm Ferey, said:

"These latest figures suggest that confidence is returning to Jersey's housing market, with both transaction volumes and overall market activity increasing significantly compared to a year ago. While house prices have risen over the last 12 months, they remain below the peak levels that were seen in 2022.

"Affordability remains a challenge for many Islanders, particularly those looking to purchase their first home. It is therefore important that we keep a close eye on market trends and ensure our housing policies help Islanders access housing that meets their needs and assists them in moving through the housing market.

"The Council of Ministers and I are working to ensure Jersey has the housing supply the Island needs, not simply more homes, but the right mix of homes. We are also exploring measures that support home ownership and improve housing mobility, with a focus on properties that are built with adaptations for an aging population in mind.

"These figures are encouraging and point to a more active yet stable market. However, our focus remains squarely on ensuring that Islanders have access to suitable and affordable housing, recognising the important role that housing plays in supporting our economic prosperity and the long-term sustainability of our community."