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Stability and opportunity onthe edge of Europe As global tax reform reshapes migration patterns,Jersey’s blend of financial sophistication, naturalbeauty and favourable fiscal policy continues to attract 14 Sales above £7 million between August2024 and August 2025, up from just one Average prices remain 14% below the Q314% At a time of shifting tax regimesand heightened global uncertainty,Jersey stands out as a safe and stablejurisdiction. Its favourable fiscalenvironment, thriving financial TRANSACTIONS RISINGThis rising concentration of high earners is fuelling growth at the top end of theproperty market. There were 14 salesrecorded at £6 million or above duringthe year through August 2025, accordingto Knight Frank data. These includedone sale above £30 million, anotheraround £30 million, and six sales above£10 million. For comparison, 2023 saw 2022 peak, but activity is rebounding 8% Quarterly rise in transaction volumes,Q2 2025 The self-governing CrownDependency has operated as aninternational finance centre for morethan sixty years; the finance sector non-doms will also be reformed so thatforeign assets in trusts are brought withinthe UK tax net after this initial period.There has also been speculation aboutadditional tax rises, both personal and The finance sector grew by 19.4% inreal terms in 2023, adding £459 millionto the economy, according to the latestavailable data from Jersey’s FiscalPolicy Panel (FPP). Jersey’s regulatoryframework is particularly supportive Changes to personal and propertytaxation by successive UK governmentshave further enhanced the island’spopularity among wealthy individuals.Labour’s 2024 reforms to the non-dom HIGH VALUE RESIDENCYBuying residential property on the island is subject to permissions, withpreference given to people who havebeen resident for more than ten years. Ultra high net worth individualsoften take advantage of the High ValueResidency scheme, which grants bothresidency and access to the propertymarket to those able to demonstrate HVR arrivals tend to be diverse in age.In the last decade, 12% have been under39, 15% have been aged 40-49 and 42%have been aged 50-69. Applicants haveshifted younger in recent years, perhaps inpart due to changes in working and livinghabits following the pandemic. Almost Individuals moving via the HRVscheme have been trending wealthiersince 2020. Average wealth on applicationin 2024 stood at £135m, up from £48min 2020. Perhaps unsurprisingly, they areopting for larger, more expensive homes, RISING RATESJersey’s mainstream housing market experienced steady growth in both pricesand transactions during the decade to2021. Growth began to slow as the Bankof England began raising the key interestrate through 2022 and 2023. Averagehouse prices fell 8.2% in 2024, the largest Purchasing activity, which tends to leadchanges in values, began recovering in Q22024 and into 2025. Transaction volumesclimbed 8% in the second quarter of 2025compared to the previous year. There Resurgent transaction activity haslargely halted falls in values. The averageprice of homes sold in Jersey was stable 76% British passport 250 72% are under 60 to the previous quarter. Values are now14% below the Q3 2022 peak. The FPP’sMay 2024 forecast for house prices is forincreases of 2% in 2025 and 2026. First-time buyers are taking a largershare of purchases, helped by the FirstStep Assisted Home Ownership Scheme.The subsidy enables eligible buyers to Real GVA (gross value added) growthis forecast at around 0.4% in 2025 andaveraging 1.0% per year from 2025 to2029, which is below Jersey’s long-termeconomic trend. The island may beaffected by broader global economicuncertainty, especially from tradetensions, a slowdown in UK growth and We like questions, if you’ve gotone about our research, or wouldlike some property advice, we Tom BillPartner, Head of UKResidential Research+44 20 7861 1492 Aimee Sinclair-HorganDirector, Knight Frank Jersey+44 01534 877 977aimee.sinclair-horgan@je.knightfrank.com Oliver RodbourneHead of Channel Islands,Country Department+44 20 7861 1093 Filip JendruhChannel Islands – SeniorRelationship Manager+44 208 176 9715filip.jendruh@knightfrank.com