Jersey Average House Price Falls 5% in 2025 Report Details

AI Summary

The average house price in Jersey has decreased by 5% over the past year, dropping to approximately £569,000 from nearly £600,000 at the start of 2025. The report by Statistics Jersey indicates a 1% decline in the number of properties sold, alongside a 10% reduction compared to the final quarter of 2025. Additionally, the House Price Index remains 18% below its peak recorded in Q3 2022. The private rental sector also saw a net decrease of 19 rental units during the quarter, highlighting ongoing market challenges.