Jersey property data · updated 2026-09-04
Jersey house prices measured in wages, not pounds
Jersey house prices are 5.4 times their 1990 level. Local earnings are 4.3 times theirs. Dividing one index by the other strips out both wage growth and inflation, and leaves the only number that answers the question people actually ask: does it take more of a Jersey salary to buy a Jersey home than it used to?
It does — but by less than it did three years ago. The ratio peaked in 2022 and has fallen 26% since.
- Peak affordability strain
- 170.8
- in 2022 (1990 = 100)
- Where it sits now
- 126.1
- 2025 — last this low in 2014
- Mortgage lending, 2025
- £304.0m
- up 59% on 2024
The price-to-earnings ratio, 1990–2025
Above 100, housing costs more of a salary than it did in 1990. The line records three distinct eras: a long climb to the 2022 peak of 170.8, a sharp correction, and a level today of 126.1 — roughly where it stood in 2014.
What Jersey actually borrowed
Every property loan in Jersey passes through the Royal Court, which makes total annual borrowing a matter of public record. It is the closest thing the island has to a mortgage market indicator, and it is not published anywhere else in a form you can read at a glance.
Lending peaked at £472.2m in 2022, collapsed with transaction volumes, and reached £304.0m in 2025 — 59% up on 2024 but still short of the peak. Sales followed the same shape: 1,665 in 2021 against 971 in 2025.
Jersey against Guernsey
Mean price, rolling four quarters, for both islands. Jersey has been the more expensive of the two throughout, and the gap stands at 15.7% as of Q2 2026 — £694,650 against £600,336. Single quarters are too noisy to read on islands this size, so this is the smoothed series.
Method, and what this cannot tell you
The ratio is the annual House Price Index divided by the Index of Average Earnings, both published by Statistics Jersey on a 1990 = 100 base. No adjustment, no modelling, no weighting of our own.
A mean average hides the distribution. A ratio built on island-wide figures says nothing about a specific parish, a specific property type, or a specific household — a two-bed flat in St Helier and a farmhouse in St Ouen sit inside the same number.
Average earnings are not the same as an individual buyer's income, and the index covers employees rather than the self-employed. Neither series accounts for deposit size, which is frequently the binding constraint rather than income.
Statistics Jersey revises earlier periods when late Royal Court transactions are registered, so figures here can change on the next refresh. The loan-to-value band counts disagree with the stated proportion of financed sales in several years, so this page charts total borrowing and leaves the LTV mix alone.
Contains information from Statistics Jersey, House Price Statistics, licensed under the Open Government Licence – Jersey v1.0. Retrieved 2026-09-04. Reuse these charts freely with a link back to this page.
What this means if you are buying
An easing ratio does not mean a lender will say yes. Affordability at island level is an average of everybody; a mortgage decision is an assessment of you — your income, your deposit, your credit history, and whether the property is share transfer, freehold or flying freehold. Those four things move a Jersey application far more than the index does.
Where the ratio genuinely matters is timing. Borrowing has recovered 59% year on year while the affordability strain sits well below its 2022 level, which is a different market from the one buyers were reading about three years ago.