The latest property statistics have confirmed the ongoing meteoritic rise in residential rents, while purchase prices continue to climb too.
The average sale price of a Local Market property has risen to £604,094 in the first quarter of 2026, though the number of transactions has dropped, and properties are taking longer to sell.
Average rents have now reached £2,170 per month. That’s a 4.9% annual increase, and a 44.9% increase over a five year period – which suggests the rate of increase is starting to slow. However, rents are 60.9% higher than they were a decade ago.
Meanwhile, Guernsey’s Open Market has seen 28 transactions so far this year (12 more than during the first three months of last year), with a decreased median price of £1.49 million (down from £1.9 million a year ago).
The data all comes from the States Residential Property Prices Bulletin – available to read in full HERE.
Local Market costs climb, but sales slow
The States-offered mix-adjusted average purchase price for Local Market properties was £604,094 in Q1 2026.
That represents a 1.4% increase compared with the previous quarter, and a 4.1% increase compared with the same time last year.
It also represents an 18.5% increase over a five-year period (£509,906 in 2021), and a jump of 43.038% over the last decade (£422,331 in 2016).
The annual change in property prices was above inflation for this period.
163 Local Market properties changed hands during the first three months of this year, which is 83 fewer than the last three months of 2025 and three fewer than the same period a year ago.
Properties were taking an average of 284 days to sell, up from 251 days a year ago.
Final sale prices were also on average 8.4% lower than the maximum advertised price.
Local Market rent prices continue to rise
The mix-adjusted average rental price for Local Market properties reached £2,170 per calendar month during the first three months of 2026.
That is slightly higher than the previous quarter (£2,162), and 4.9% higher than the same period last year (£2,068).
It’s 44.9% higher than five years ago (£1,498), and it’s climbed by 60.9% over a ten year period (£1,348).
Yearly rental costs on average were £16,176 per annum in 2016 and £17,976 in 2021.
It now cost £26,040 on average to rent a home for a year in Guernsey.
Open Market sees increase in sales, but average price drops
28 Open Market properties were sold during the first quarter of this year, which is 12 more than the same time last year.
The median price for those purchases has dropped by just over £400k.
Last year, between January and March the average purchase price of an Open Market property was £1,913,438. It now sits at £1,494,188.
Five years ago there were 18 Open Market sales with an average cost of £1,404,272, while a decade ago the five properties purchased cost an average of £1,140,000.
