Rate of house sales increases by 90%, data shows

Houses in Jersey are selling faster than they were a year ago, according to a a quarterly report.

Data showed the turnover of properties in the first quarter of 2025 was 90% higher than the same period in 2024.

But it was still 29% below the average seen from 2021 to 2023.

The report added in 2024 of the 913 properties transacted, 34% were purchased by first-time buyers, a 7% increase from 2023.

It said investors purchased 10% of properties, a 14% decrease from 2023.

There was an increase in the mean average price of four-bedroom houses compared to the previous quarter.

Statistics Jersey said this was driven by a larger than usual number of sales of very high value properties - those above £3m.

It said the data showed all other property types saw a decrease in price compared with the previous quarter.

Overall housing market activity saw an increase of 7% compared with the previous quarter.

It was also 85% higher than in the corresponding quarter of 2024.