ARTICLE · 18 MAY 2017

Property Prices And Transactions Up In Latest Official Guernsey Statistics

Ogier

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

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Martyn Baudains

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The latest residential property prices show growth in both turnover and values in what should be 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.

Martyn said: "The headline news is that the number of local market transactions is up (163 against 129 last year), and so is the average local market house price (4.4% against 0.3% last quarter).

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