The latest residential property bulletin, covering Q4 2019, notes that 845 transactions were completed in 2019, an increase of 35 on 2018 and the highest annual total since 2007.
A couple of weeks ago we reported on Livingroom’s record-breaking 2019 and it has now been confirmed that we sold more than 20% of the Guernsey properties that changed hands.
That figure is the result of the hard work, expertise and 150 years’ experience of our team. Buyers and vendors alike know that they can trust Livingroom to provide sound advice and award-winning service and to keep them informed at every step of the way.
There were 191 Local Market transactions in the fourth quarter of the year, a lower number than in Q3 and in Q4 of 2018 but still a healthy one.
The mix adjusted average purchase price for Local Market properties in Q4 of 2019 was £441,295, a 3.5% increase on the quarter before.
All of this data clearly points to a healthy property market which has weathered the global uncertainty of the past few years.
Indeed, Guernsey as a destination remains a beacon of stability in turbulent times. The island’s stable government, strong economy and robust constitution all contribute to this and make it an appealing alternative to less stable jurisdictions around the world.
Once again, around 1% of the Open Market stock changed hands during the quarter, which is a percentage consistent with previous market activity.
If you're interested in selling your property, call the Livingroom team on +44 1481 715555.