House Prices Hold Steady as Property Sales Rise

Jersey Property Market Sees Rise in Sales as Prices Hold Steady

Jersey’s housing market saw a sharp increase in sales during the third quarter of 2025, though activity remains below pre-decade levels, according to new figures.

The latest House Price Index from Statistics Jersey reported 287 property transactions between July and September — a 26% increase compared to the previous quarter’s 228 sales. Year-on-year, sales were up 55% from 185 recorded in the same period of 2024.

Despite this strong rebound, the total remains lower than figures seen earlier in the decade, when 438 properties changed hands during the third quarter of 2020.

The Index, which monitors the prices of one- and two-bedroom flats along with two- to four-bedroom houses, described average property values as “broadly stable” over the 12 months to the end of September.

Across the first nine months of 2025, 732 property sales were recorded — already surpassing the 712 transactions for the whole of 2024 and exceeding the total for the same period in 2023 by 78. Overall market activity during the third quarter was 58% higher than the same quarter last year.

Average prices have shown little movement, with the mean property value standing at £580,000 in the third quarter — about 2% higher than the £569,000 reported a year earlier.

Breaking down the figures, one-bedroom flats rose by £15,000 to reach an average of £325,000, while two-bedroom flats increased by £9,000 to £523,000. Among houses, two-bedroom properties climbed to £565,000, three-bedroom homes averaged £763,000, and four-bedroom houses reached £1.28 million — £128,000 higher than the previous quarter.

Statistics Jersey said the data suggested a market regaining momentum after a slower period, though average prices continue to reflect stability rather than rapid growth.