House Prices Fall In Guernsey
House prices in Guernsey have fallen.
This is the first recorded yearly decrease since 2008.
The average price paid for a house in Guernsey on the Local Market in the first three months of this year was just short of £450,000.
That’s down 3.5% on previous quarter, and 1.6% over the year.
Far fewer properties changed hands. There were only 116 transactions – the lowest quarterly number since figures were first reported.
House prices on the Open Market were at their lowest in 8 years – averaging £800,000 compared to almost £1.1 million a year ago.