Increase In House Sales In Guernsey

13th May 2019

The latest Guernsey Residential Property Prices Bulletin has been published which measures average house price changes sold on the island each quarter. There were 177 Local Market transactions during the first quarter of 2019, the highest since 2007, and 37 more than the same quarter of 2018.

The average price for Local Market properties was £425,394 in the first quarter, 4.4% higher than the first quarter of 2018.

Managing Director at Skipton International released this statement about the housing market here:

“The start of the year is traditionally a slower time for property completions. These results reflect a continued growth which is both solid and sustainable for the market and which we believe could be evidence of the start of one of our strongest years for quite some time.

“With a wide range of products and lending criteria including up to 100% loan to value more people are turning to Skipton to purchase their first home or to make that next all-important move.”

There has also been a considerable drop in the time between the advertisement of a property for sale and its actual sale.

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