Collas Crill has reviewed property conveyance in 2021, highlighting an exceptionally busy 12 months for the island’s property market.
Guernsey recorded the highest value of property conveyed since these statistics began being recorded.
"Nobody anticipated the way the property market would react to the pandemic, not just locally, or even nationally, but worldwide. Following the first wave and subsequent lockdown, property sales began to increase, prices began to rise, and it has not stopped,” said Partner at Collas Crill, Paul Nettleship.
“While this cannot go on forever, I expect prices may level out this year, but remain high.
"This has provided opportunities for many, but has also highlighted the problems facing buyers, and in particular first-time buyers, on the island.”
“We are living in unprecedented times for all sorts of reasons. We are in the midst of a housing crisis amid a booming property market,” continued Property Partner, Jason Green.
“Fast action is required now from the States to bring to the market all kinds of property, not just affordable housing. More so than ever before, we need a slick, joined-up government for a seamless transition from States' owned land to new approved housing development.”
Pictured top: L to R, Mr Nettleship and Mr Green.
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