Estate agents and mortgage lenders have warned activity in Jersey's housing market could begin to slow due to global uncertainty caused by the outbreak of the Iran War.
The latest figures show average house prices fell by 5% in the first quarter of 2026 compared with the same period in 2025.
Jersey estate agent, Bradley Vowden, said the market was still active, but the next three to six months looked tougher as the impact of the conflict in the Middle East had yet to fully filter through.
Mortgage lender, Gary Tumelty, said people were "starting to get nervous" and rushing to secure mortgage deals now, due to the prospect of the Bank of England base rate being increased later in the year.
Tumelty said: "I think the worrying signs are with the Bank of England forecast now potentially up