The report on the Jersey House Price Index (HPI) for the first
quarter of 2025 has been released and provides a great overview as
to how the year has commenced.
Property prices
As expected property values continue to decrease at an average
of 1% compared to the previous quarter of last year (and represents
a drop of 14% compared against the peak prices recorded in quarter
three of 2022).
We have, however, seen an increase in the average purchase price
of four-bedroom houses, which has been pushed up by a surge in
sales of very high-value properties, also reflecting the movement
of high-value residents to the island.
The Jersey property market appears to be flourishing with a
turnover of property (through the Royal Court and by share
transfer) increasing at a rate of 7% from that of last quarter, and
an outstanding 90% from that of quarter one of last year.
