Jersey

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Jersey

Quarterly Rank: 27
Quarterly Price Change: -3.9%

Annual Rank: 4
Annual Price Change: 1.5%

The largest and most southerly of the Channel Islands, Jersey has long been a tax haven for wealthy Britons and other Europeans, and has boasted a stable housing market with sparse price declines. Yet a steady influx of Brits into the country during recent years gradually pushed up housing prices, and following the credit crunch, prices inevitably dropped in the second quarter of 2009.