Positive outlook for Guernsey property market

Posted: 12/02/2018

Figures from the Residential Property Prices Bulletin for the final quarter of 2017 reflect a strong and growing housing market in Guernsey. 

Commenting on the findings, Skipton International said the market has begun to rebound following a period of fluctuation, increasing activity and leading to a rise in property prices. 

The mix-adjusted average price for property was up by 0.3 per cent against the previous quarter – 2.5 per cent higher than the final quarter of 2016. 

With prices having increased in three out of the four quarters of 2017, the upward trend is likely to continue into 2018, said Skipton.

Sales dropped slightly at the end of the year, with a total of 186 local market transactions, but there were 39 more purchases compared with Q4 of 2016. 

An overall increase in market activity during 2017 has driven up the price of homes, with the mean average price ending at £424,524 from £432,341 at the start of 2017. 

From a flat market, which continued into the second quarter of 2017, the local housing market seems to be picking up. 

• For more information on how Guernsey's house prices compare with Jersey and the UK, see the Skipton House Price Index 

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