AVERAGE house prices have continued to fall from the 2022 peak, while the number of property transactions has was more than a third higher last year than in 2024.
Released yesterday by Statistics Jersey, the latest House Price Index, covering the final quarter of 2025, revealed that the average cost of a two-bedroom flat in Jersey has fallen below half-a-million pounds for the first time since 2021.
The index measures the average cost of dwellings in Jersey by combining the average price of one- and two-bedroom flats together with two-, three- and four-bedroom houses on a quarterly and rolling annual basis.
The new report showed that average prices across the board fell by 1% from 2024 to 2025. Most property types saw decreases in annual mean and median prices from 2024 to 2025 – except for 4-bedroom houses, which saw an increase.
Advertised private-sector rental prices were 1% lower in 2025 than in 2024.
Overall housing affordability improved on an annual basis, with most property types being more affordable to purchase than in 2024. Four-bedroom houses were once again the exception, seeing similar levels of affordability compared to 2024.
A working household with mean net income would be able to service a mortgage affordably on the purchase price of a median-priced one-bedroom flat, but could not service a mortgage affordably on the purchase price of a two-bedroom flat or a median-priced house of any size.
This was the first quarterly House Price Index report to look into private-sector landlords in Jersey, such as how many rental properties they have. The figures showed more than 95% of private landlords had five or fewer rental properties – and that these landlords accounted for 70% of the total private-sector rental properties in the island.
The report also revealed how property prices had changed from the third quarter to the fourth quarter of last year for each type, and how much they have changed between 2024 and 2025.
The average price of a one-bedroom flat was £26,000 lower than it was in Q3 2025, bringing it to below £300,000 – the first time that has happened since 2021. The annual average in 2025 was £312,000, this was a 4% decrease from the annual average in 2024 (£326,000). The highest quarterly average price for one-bedroom flats was in 2022, which peaked at £383,000.
In a similar trend, the quarterly average price of a two-bedroom flat was £27,000 lower than it was during during the third quarter of 2025 – bringing it to below £500,000 for the first time since 2021 – while the annual average in 2025 was £510,000, a 2% decrease from 2024 (£521,000). In 2022, average two-bed flat prices reached £664,000.
Meanwhile, the average price of a two-bedroom house was £13,000 lower than it was in the last quarter – and the annual average in 2025 was £559,000, a 7% decrease from what it was the year before.
And the average price of a three-bedroom house was £31,000 lower than it was in the previous quarter. Its annual average price in 2025 was £739,000, marking a 3% decrease from the annual average in 2024 (£765,000).
The only property type to see an increase in price year-on-year was four-bedroom houses, which while being £94,000 lower than the previous quarter, saw a 14% increase in 2025 to £1,246,000.
Reacting to the latest report, Housing Minister Sam Mézec said he was “really pleased”, and added that while there are “obviously external factors”, he said it’s in part a result of the government’s work in “supporting affordable housing”.
