Livingroom

BEST FIRST QUARTER SINCE 2007 SHOWS HEALTHY MARKET

Friday, 10 May 2019

The latest Quarterly Residential Property Prices bulletin from the States of Guernsey shows that the first quarter of 2019 saw the highest number of Local Market property transactions in a first quarter since 2007.

With 177 transactions in the first quarter following a bumper Q4 in 2018 (236 transactions) there is clear evidence that Guernsey currently has a healthy Local Market.

These figures are in line with our experience at Livingroom so far in 2019, where our team has been busy helping islanders find their dream home.

Our Local Market team, combine extensive years of experience and knowledge of the Guernsey property market and embody the exceptional client service that makes Livingroom who we are.

Elsewhere in the property bulletin, it is reported that the mix adjusted average purchase price for Local Market properties was £425,394, 2.9% lower than the previous quarter but 4.4% higher than the first quarter of 2018.

This represents a small re-adjustment for the market after a steady climb in average prices throughout 2018. Our team has been advocating a sensible approach to pricing for some time and this has contributed to an active market and more realistic expectations among buyers and vendors.

There were 18 Open Market transactions in the first quarter of 2019 and our Open market team, led by director Jason Hyland, has been busy as Guernsey continues to be an attractive proposition for those looking to relocate, in addition to the on-island Open Market activity.

As we approach the traditionally busy summer months we’re pleased to report that the market remains healthy and properties are changing hands. If you’re thinking about buying or selling please get in touch with the Livingroom team and see for yourself how we combine old-fashioned values with a contemporary mindset.

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