In brief: Jersey’s House Price Index fell by 0.1% in the third quarter of 2026 compared with the same period a year earlier. The four-quarter average price of a Jersey home now stands at £683,000, some 12.8% above the equivalent figure in Guernsey.
A market catching its breath
Figures from Statistics Jersey show that the Jersey House Price Index dipped by 0.1% in Q3 2026 on a year-on-year basis, a movement so small it barely registers on the dial. It is worth bearing in mind the caveat that Statistics Jersey itself flags: quarterly figures can be volatile precisely because relatively few properties sell in Jersey each quarter. The four-quarter rolling average, which smooths out those bumps, is the more reliable guide to where the market is actually heading.
On that longer view, the average Jersey home sold for £683,000 over the four quarters to Q3 2026. For those who like a sense of historical perspective, Statistics Jersey’s data shows that prices in 2025 sat at 11.2 times their 1985 level. Jersey property has, in other words, been a rather good long-term investment, even if the past couple of years have felt rather less exhilarating for sellers.
Sales volumes: a recovery, then a pause
The volume story is arguably more interesting than the price movement. Statistics Jersey figures show that 1,063 homes sold across the whole of 2025, a marked improvement on the 788 that sold in 2024, though still a long way short of the pandemic-era peak of 1,849 sales recorded in 2021. That 2021 spike, fuelled by rock-bottom interest rates and a collective desire to acquire more space during lockdown, now looks like the outlier it always was.
Of the homes sold through the Royal Court in 2025, 54.8% were purchased with a mortgage, with total borrowing reaching £304 million. Perhaps the most striking detail in the Statistics Jersey data is that 43% of those borrowers took out a loan covering 80% or more of the purchase price, suggesting that a significant share of buyers are stretching themselves to get onto, or move up, the ladder.
First-time buyers and the Guernsey comparison
For those on the restricted first-time buyer market, the numbers offer little comfort. Statistics Jersey figures show that prices of homes restricted to first-time buyers were 38.6% higher in 2025 than they were in 2016. That is a substantial real-terms increase over less than a decade, and it goes some way to explaining why affordability remains a persistent concern for younger islanders.
The comparison with Guernsey is also worth noting. At £683,000 on the four-quarter average, Jersey homes cost 12.8% more than their Guernsey equivalents at £606,000. Whether that premium reflects Jersey’s stronger economy, its larger finance sector, or simply a more constrained supply of housing is a question that policymakers and planners continue to wrestle with. Readers who want to explore the full range of charts and tables behind these figures can find them on the NSFW data page.
Source: NSFW Data
