Housing in Jersey is affordable and 1 more... less...
Households have sufficient income to afford a decent standard of living
% of a mortgage that an average household can afford
Current Value
66.7%
Definition
This indicator is based on a median-priced dwelling in Jersey that a household with an average income would be able to service ‘affordably’.
What is this about?
This indicator looks at whether a household with an average net income would be able to afford a median-priced property in Jersey. It does so by looking at the proportion of the required mortgage that the average household could afford to service.
A working household with average net income has not been able to afford to service a mortgage on a median-priced house of any size in Jersey since 2002. Over the last decade, the proportion of the required mortgage that such a household could afford has reduced from about 90% to less than 67%.
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