Brexit uncertainty is driving growth in Open Market properties

Thursday 04 April 2019

The last year has seen an upsurge in interest in Open Market properties in Guernsey, the Managing Director of an estate agents has said.

Swoffers MD Craig Whitman said the company has had one of its busiest periods for many years, with a significant increase in sales in the last quarter of 2018 and early part of 2019.

A substantial number of sales involve people relocating to the island for the first time.

"There are many reasons why people are choosing to come and live in Guernsey," he said. 

"In general terms it tends to be a combination of things. Some clients have told us that the uncertainty in the UK over Brexit is what is driving them, whereas others are attracted by the Island’s quality of life and security.

"Guernsey’s position on the doorstep of Europe with good connections to the UK makes us particularly attractive, as does the island’s reputation as a well-regulated, stable jurisdiction,’ says Craig.

"It’s also easy to make the move to Guernsey - we have simple entry requirements for new residents and offer a number of incentives for those relocating.

Swoffers have used Britain's exit from the European Union as part of their promotional material for potential new residents. 

Asked whether Brexit could be good for the island, he said: 

"It is impossible to say whether Brexit will be good for Guernsey in the long run but right now our message to anyone thinking of relocating, for whatever reason, is take a close look at what Guernsey offers. The experienced team at Swoffers is ready to help you find your perfect island home."

Pictured top: Swoffers Managing Director Craig Whitman.