Guernsey’s property market is showing “resilience” against international challenges, according to Savills estate agents.
The latest statistics show that 261 Local Market properties sold during the second quarter of this year, at an average purchase price of £608,844.
That is 0.8% higher than the average price earlier this year, and 2.1% higher than this time last year.
Nick Paluch, Director in the Residential Sales Team at Savills Guernsey, said there are a number of reasons why the island’s housing market remains so “resilient” including current mortgage deals pushing people into action.
“Against a backdrop of political change in the UK and ongoing geopolitical tensions in the Middle East, the island’s property markets have continued to show their resilience, with realistically priced, well-maintained homes selling very well,” he said.
“Although there is still a clear focus on value, transaction levels in the Local Market have increased significantly compared to this time last year, with buyers gaining confidence from greater stability in interest rates and a more favourable mortgage environment. As a result, a lot of people who sat on their hands last year waiting for things to change appear to have decided that now is the right time to move.”
Mr Paluch said the recent Open Market activity is also positive – showing that Guernsey still holds appeal “as a place to live and do business”.
24 properties were sold on the Open Market between April and June this year with a realty only raw median price of £1,989,000, compared with £1,569,750 this time last year.
The fewer properties changing hands on the Open Market means the results are skewed by high prices, including a property at Fort George which sold for £3.3m in June.
Mr Paluch said Savills expects interest to continue in this area, with the island’s “favourable tax environment” appealing to buyers.
“Guernsey’s appeal as a place to live and do business meanwhile continues to drive Open Market activity, with a lot of buyers still attracted by the island lifestyle and the favourable tax environment,” he said.
“We expect that level of interest to continue, although the lack of stock on the Open Market could affect momentum.”
The data
While high prices and lower numbers of sales skew the Open Market data, the Local Market data shows a clear pattern with prices continuing to rise in the post-Covid era.
There were 261 Local Market residential property conveyances in the second quarter of 2026.
Number of Local Market transactions by quarter
| Q1 | Q2 | Q3 | Q4 | Year | |
|---|---|---|---|---|---|
| 2015 | 167 | 297 | 285 | 235 | 984 |
| 2016 | 129 | 198 | 159 | 147 | 633 |
| 2017 | 163 | 196 | 200 | 186 | 745 |
| 2018 | 140 | 183 | 251 | 236 | 810 |
| 2019 | 177 | 228 | 249 | 191 | 845 |
| 2020 | 174 | 141 | 277 | 345 | 937 |
| 2021 | 167 | 297 | 285 | 235 | 984 |
| 2022 | 199 | 236 | 234 | 181 | 850 |
| 2023 | 113 | 175 | 138 | 150 | 576 |
| 2024 | 93 | 145 | 165 | 188 | 591 |
| 2025 | 166 | 195 | 209 | 246 | 816 |
| 2026 | 163 | 261 |
Prices now are on average 20.4% higher than they were five years ago.
The current ‘mix adjusted average purchase price’, which takes into account the value of all properties sold within a time frame, and not the individual prices, is more than £115,000 higher than it was in 2021.
By the end of 2020, property prices had hit an average of £493,174, which itself was 11.8% higher than the end of 2019.
Fewer properties are changing hands now, compared to the immediate post-covid era, but this number does vary each quarter.
More houses were sold this spring (261) compared to the beginning of this year (+98) and this time last year too (+66), but this is down from the immediate post-covid era when 297 properties were sold between April and June 2021.
People selling their homes are also waiting longer than five years ago, when it took an average of 186 days to sell a house from putting it on the market to completing in court.
Today that number is around 278 days.
Very few new builds continue to be sold in Guernsey, reflecting the small number of properties being developed and added to the market.
Just 3.8% of Local Market property sales between April and June this year involved homes built in the previous twelve months.
This compares to 3.1% in the second quarter of 2025 and 1.7% in the second quarter of 2021.
