Residential Property in Jersey
The Jersey House Price Index measures the combined weighted average price of
1 and 2-bedroom flats and 2, 3 and 4-bedroom houses.
The principal data source for the Jersey House Price Index is the Jersey
Property Bulletin, supplemented by information on type and size of property
provided by the States of Jersey Housing Department.
2006
The average (mix-adjusted) house price in Jersey was £360,000 in Quarter 4
2006, up from £335,000 the previous year.
The overall average price of dwellings sold in Jersey grew by 6.5% in 2006.
Jersey’s population was 87,186 at the last Census in March 2001. By the end
of 2004 this had increased to 87,700.
Housing Law
In 1949, the island established a housing control system as a form
of population control and this was subsequently amended in 1970. This remains in
force today
In general terms, anyone born in Jersey and who spends 10 years in the
island, automatically becomes entitled to rent and buy property in the
island.
Essential Worker licences are also available to people whose
presence here would benefit the island. A licence is linked to a particular job.
The Housing Law is very complex and guidance is provided on the Jersey
Government website
Regulations
Note re the above graph
The methodology used to calculate the House
Price Index was revised in 2002. The new index
represents a weighted average price of 1- and
2-bedroom flats and 2-,3- and 4-bedroom houses
and bungalows. Previously the methodology had
focused on
3-bedroom houses. As such the two indices are
not directly comparable, but in general terms
can be used to provide an overall indication of
longer-term movements in Jersey house prices.
Useful contacts
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