House prices in Jersey have fallen 4% since April, new figures have found.
The house price index, external for the second quarter of 2024, April to June, found the average home cost £588,000 compared to £641,000 in the same quarter for 2023.
In February, Statistics Jersey reported the market underwent its first annual decrease since 2013 as the average price of a house fell by 3% in 2022.
Its report published on Thursday found all property types decreased in price compared to a year earlier and four-bedroom homes recorded their lowest average price since the third quarter in 2020.
The Jersey House Price Index measures the combined average price of one and two-bedroom flats together with two, three and four-bedroom houses.
The report said the turnover of properties was higher than the previous quarter but 15% lower than in the corresponding quarter of 2023.
It found the overall housing market activity was about 8% lower than the first quarter of 2024 and 48% lower than the same quarter of 2023.
Advertised private sector rental prices were also 4% lower in the second quarter compared to the same 2023 quarter.
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