Average House Price Dips To £609k

The cost of an average property in Guernsey is just over £609k, 4.9% lower than a year ago.

The average price paid for property in the island continues to fall, but remains 47.5% higher compared to five years ago.

The market is still steadying after a spike during the Covid-19 pandemic.

12 more Local Market houses sold in the fourth quarter of 2023 than in the previous quarter, however that number is down by 31 on a year ago.

In total, 150 Local Market properties were sold between October and December 2023.

Only seven Open Market transactions were made during that time, averaging at just over £1.4 million.

Rental properties on the Local Market now cost on average £1,922 pcm, an increase of 11.9% since the end of 2022.

Full details of the States' collated Residential Property Prices for Q4 2023 can be found here.

More from Guernsey News

Just Played Songs

Weather Forecast

  • Wed

    17°C

  • Thu

    16°C

  • Fri

    16°C

  • Sat

    15°C

  • Sun

    17°C

Island FM VIP

Get more with the Island FM VIP!

93.7-104.7 FM & DAB+
islandfm.com
Island FM app
'Alexa, play Island FM'