Guernsey Local Market Activity At 8-Year High

Sales activity in the Guernsey Local Market last year was at its highest level since 2011, according to the latest conveyancing statistics compiled by Unusualities of Guernsey, an independent compiler of local conveyancing statistics.

Figures reveal that there were a total of 879 Local Market transactions in 2019, comprising 701 houses and 178 flats. This was 4% more than the total recorded in 2018 and the most since 2011 when a total of 893 Local Market properties were sold. However, these totals are still some way short of the pre-financial crisis levels when 1,238 and 1,145 Local Market properties were sold in 2006 and 2007 respectively.

Of the 879 Local Market sales last year, the median price (realty only) for the 701 houses sold was £455,000, up from the £433,875 for 2018. The median price (realty only) of the 178 flats sold in 2019 was £248,625, marginally up from the £245,700 recorded in the previous year.¹