Against a backdrop of political change in the UK and ongoing geopolitical tensions in the Middle East, Jersey’s property market has continued to show its resilience.
Although there is a clear focus on value, activity levels have remained robust – and there is strong demand for realistically priced, well-maintained homes.
Buyers have seemingly gained more confidence and a lot of people who pressed pause on their plans have decided that now is the right time to move. New instructions are also higher than we would normally expect for this time of year.
Sustained demand
The rise in demand has led to a significant increase in sales when compared to 2025.
According to figures in the latest Statistics Jersey House Price Index, 496 homes were sold on the island in the first six months of this year – a rise of 11.5% compared to 12 months before.
The three months to the end of June were particularly busy, with 282 deals going through. This was an increase of 32% on the previous quarter and a rise of 24% year on year.
Deals are, however, taking a little longer to progress, with a particular delay between offer accepted and exchange.
This lack of urgency is the polar opposite of the pandemic-era mini boom, when strong competition drove rapid decision-making.
Price sensitive buyers
Today’s buyers are more selective, more price sensitive and more willing to wait. Demand remains, but buyers are taking a more considered approach.
This has been somewhat reflected in average property values which, while increasing, are still around 10% below the peak levels we witnessed in 2022.
According to the Statistics Jersey report, the average price paid for a home has increased by 5% year on year. When broken down further, the mean price paid for a two-bedroom flat sits at £601,000, a three-bedroom house £797,000 and a four-bedroom house £1.22m.
Market outlook
The summer months are traditionally a little quieter, but we continued to experience strong levels of interest throughout July and August – with several enquiries from buyers looking to relocate later this year or early 2027.
We were also asked to visit several houses with a view to launching a full marketing campaign over the autumn – suggesting we could be in for a busy end of year.
Much will depend on what happens when new UK Prime Minister Andy Burnham and his Chancellor of the Exchequer John Healey reveal their budget later this month.
But Jersey’s appeal as a place to live and do business remains a huge driver of activity, with a lot of buyers attracted by the island lifestyle and favourable tax environment – so we expect current trends to continue.