Skipton International comments on the Jersey House Price Index for the third quarter of 2012

| November 15, 2012 | 0 Comments

The Jersey House Price Index for the third quarter of 2012 shows that the mix-adjusted average price of dwellings sold in Jersey was:

  • The mix-adjusted average price of dwellings sold in Jersey in Q3 2012 was: about 1% below the annual average for calendar year 2011; less than 1% higher than in the corresponding quarter of 2011.
  • The turnover of properties sold in Q3 2012 was a sixth (17%) lower than in the previous quarter and 8% lower than in the corresponding quarter of 2011.
  • Share transfer properties accounted for almost two-thirds of flat sales in Q3 2012, a lower proportion than seen in the first six months of the year.

Commenting on the latest Jersey housing data, Nigel Pascoe, Director of Lending for Skipton International, the Channel Islands’ mortgage specialists said, “The current index indicates that property sales have remained steady as we had anticipated for 2012, however, what is interesting is the actual number of transactions year to date is still very strong compared to last year.

“As a mortgage lender we do urge caution when considering any quarter in isolation, however, the overall number of properties sold in the first half of this year was around a third higher than the same period in 2011 and the latest results are only marginally lower than the same quarter last year. We set our barometer of the market against the level of enquiries we receive and the final quarter of 2012 looks very positive from our perspective.”

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Category: Finance & Business

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