Select a region
Guernsey's residential market is in a "good, stable position, and therefore it is safe to invest".
That is according to a local property expert from Savills, who has been analysing the States of Guernsey's Quarter Three property bulletin.
The headlines of the bulletin were:
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.
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.
Comments
Comments on this story express the views of the commentator only, not Bailiwick Publishing. We are unable to guarantee the accuracy of any of those comments.