“ENCOURAGING” figures which show the number of property transactions has increased during the second quarter of this year “point to a more active yet stable market”, according to the Housing Minister.
Deputy Malcom Ferey made the comments in reaction to the latest House Price Index report, which was published yesterday and included analysis of data across April, May and June.
The overall average cost of a home had risen 5% on an annual basis, with increases for each property type also recorded in comparison to the first quarter of this year.
For one- and two-bedroom flats, the mean price stood at £326,000 and £580,000 respectively, with the figure for two- and three-bedroom houses was marked at £601,000 and £797,000.
Four-bedroom houses (£1,122,000) were up from £1,010,000 in the previous quarter.
However, the overall index remained 10% below the peak in property prices seen at the height of the post-pandemic boom towards the end of 2022.
Turnover of properties was 24% higher than in the same period in 2025 and 32% higher than in the first quarter of this year.
Additionally, overall housing market activity on a rolling four-quarter basis was 7% higher from a quarterly perspective and 23% higher than it had been a year earlier.
Deputy Ferey said: “These latest figures suggest that confidence is returning to Jersey’s housing market, with both transaction volumes and overall market activity increasing significantly compared to a year ago.
“While house prices have risen over the last 12 months, they remain below the peak levels that were seen in 2022.”
The minister noted that affordability “remains a challenge for many Islanders”, particularly first-time buyers.
“It is therefore important that we keep a close eye on market trends and ensure our housing policies help Islanders access housing that meets their needs and assists them in moving through the housing market,” he continued.
“The Council of Ministers and I are working to ensure Jersey has the housing supply the Island needs, not simply more homes, but the right mix of homes.
“We are also exploring measures that support home ownership and improve housing mobility, with a focus on properties that are built with adaptations for an aging population in mind.”
Deputy Ferey described the figures in the latest House Price Index as “encouraging”, adding that they “point to a more active yet stable market”.
“However, our focus remains squarely on ensuring that Islanders have access to suitable and affordable housing, recognising the important role that housing plays in supporting our economic prosperity and the long-term sustainability of our community.”
Speaking to the JEP, Broadlands director Harry Trower said he “wouldn’t get overly excited” about the results of a single quarter, contending that there was “a little bit of caution needed”.
“We are halfway through the year – we’ve still got two more quarters to see where we go and there’s too many moving plates at the moment. We’ve got government entities dabbling in the private market, we’ve got war elsewhere, we’ve got inflation.”
