PROPERTY prices in Jersey have continued to fall, with latest data indicating a decrease of almost a fifth since the residential housing market peaked in 2022.
The House Price Index for the first quarter of this year, published yesterday by Statistics Jersey, showed that the average price of Island dwellings sold over the year to 31 March was 5% lower than in the corresponding quarter of 2025.
Prices of residential property in Jersey peaked during the third quarter of 2022, falling back by 18% in the three-and-a-half years since.
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.
Some stark differences between the price rises and falls in different categories are evident in the figures, which Statistics Jersey explained as being down to relatively low turnovers in some categories.
Two-bedroom houses fell from a mean price of £552,000 in the final quarter of 2025 to £471,000 in the first quarter of this year, while there was a corresponding fall for four-bedroom houses from £1,186,000 to £1,010,000 – the latter drop was also attributed to there being a high proportion of sales below £750,000.
The other three categories were more steady, with one-bedroom flats increasing from £299,000 to £310,000, two-bedroom flats rising from £496,000 to £506,000 and three-bedroom houses up by £4,000 to £736,000 from the final quarter of last year.
Advertised private sector rental prices were broadly unchanged on a rolling four‑quarter basis compared with the previous quarter, while the turnover of properties over the first three months of 2026 was 214 – a slight drop from the Q1 2025 figure, which was 217.
The latest report, available via the stats.je website, also includes additional analysis, with sections examining movements within the housing market, including how households are moving between property types, as well as an overview of market sales for 2024 and 2025.
