• The mix adjusted average purchase price for Local Market properties was £426,560 in the third quarter of 2019, 0.3% lower than the previous quarter but 1.6% higher than the third quarter of 2018.

• There were 249 Local Market transactions during the third quarter of 2019, 21 more than the previous quarter but two fewer than the same quarter of 2018.

• The raw median price (realty only) of the 18 Open Market transactions in the third quarter of 2019 was £1,014,000 compared with £1,072,500 in the third quarter of 2018, when there were 17 transactions.

Nick Paluch, from the residential team, said: "The States of Guernsey Q3 statistics show that the island’s residential market is in a good, stable position and therefore is a safe place to invest. The research shows the spread of transactions over the last quarter has been fairly even across the board, which reflects what we’ve seen on the ground, with activity across all areas of the market. We are expecting that following the UK general election in December, clarity may unlock some pent-up demand.”

Pictured top: Nick Paluch.