Guernsey – property prices and transactions up

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The latest residential property prices show growth in both turnover and values in what shouldbe welcome news for the island, says Ogier’s Head of Property Martyn Baudains.

In summary, the Q1 2017 Guernsey Quarterly Residential Property Prices Bulletin showed:

  • Mix-adjusted Local Market property prices at £432,342, 4.4% up on previous quarter.
  • Q1 transactions were 26% up on the same quarter in 2016.
  • 2.5% of properties sold in Q1 2017 had been built within the 12 months prior.

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