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LIVINGROOM IS APPOINTED TO THE GUERNSEY PROPERTY FORUM

LIVINGROOM IS APPOINTED TO THE GUERNSEY PROPERTY FORUM

Livingroom Estate Agents ® has been appointed as one of the key Open Market estate agents in a new group which will assist in promoting Guernsey to high-net-worth individuals, considering a move to the island.

GUERNSEY HOUSING BULLETIN Q1 2015

The Guernsey Housing Bulletin for the most recent quarter shows house prices have fallen and it is first time since measuring as mix adjusted purchase prices began that Guernsey has had negative growth.

11.5% fewer transactions were recorded, as compared to the same quarter of 2014, with 116 Local Market transactions which is the lowest number recorded since figures were first reported.

The raw median price (realty only) of the 11 Open Market transactions in the first quarter of 2015 was £795,000 compared with £1,092,500 in the first quarter of 2014 when there were 10 transactions. This is the lowest Open Market median purchase price recorded since 2007.

The Q1 figures are a stark warning to Guernsey vendors that they are not immune from the economy and it is through setting realistic prices that they will achieve sales.

A FIRST OFFER WORTH CONSIDERING

Housing markets go through cyclical changes just like almost everything else in life. Often, however, people’s perceptions of the market do not keep pace with the changes. Situations can occur where vendors place a greater value on their property’s worth than the current market will support.

The key to a successful house sale is two-fold: having a realistic understanding of the current housing market and taking the advice of your estate agent. After all, your estate agent is immersed in that market and knows exactly what is sensible and what isn’t when it comes to valuing your house (or they should be).

UK ELECTION DAY HAS ARRIVED...

The UK election day has arrived and continuing with our theme from yesterday, we are discussing what impact there could be on Guernsey? Today Livingroom Estate Agents ® talk to David White, Tax Director at EY.

THE UK ELECTIONS AND THEIR POTENTIAL IMPACT ON GUERNSEY

Livingroom Estate Agents ® asks two local figureheads from business and government to discuss the UK elections and their potential impact on Guernsey.

LIVINGROOM NEGOTIATOR IS PREPARED – FOR THE TOP SCOUTING JOB IN GUERNSEY

One of our Local Market sales negotiators, Nick Paluch, has been involved in the scout movement since he was just six years old and he's just been named as the new commissioner for the Bailiwick Association.

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