The latest Guernsey Residential Property Prices Bulletin for quarter 3 of 2025 suggests strengthening market confidence.
Local Market purchase trends
The data for Local Market property transactions reveals key movements in volumes and average prices:
- There were 209 Local Market transactions during Q3 2025. This marks a notable increase of 14 conveyances compared to Q2 2025 and is 44 more than the volume recorded in Q3 2024.
- The mix adjusted average purchase price for the Local Market was £592,584. This figure was 0.7% lower than the previous quarter and 2.8% lower than the corresponding quarter in 2024.
Andre Austin, Swoffers Director, said: “The Q3 2025 figures clearly demonstrate a pivotal moment, with Local Market transaction volumes hitting a new high not seen since late 2022. This surge in activity signals a healthy market environment.”
Local Market rental sector
The rental market continues to reflect robust demand and increasing prices. The mix adjusted average rental price for Local Market properties reached £2,112 per calendar month in Q3 2025. This is an increase of 1.8% over the previous quarter. The price was 2.8% higher than the third quarter of 2024.
Open Market performance
The Open Market experienced a notable increase in activity during the quarter, continuing its appeal as a destination for relocation.
- There were 22 Open Market residential property transactions in Q3 2025.
- The raw median price (realty only) for these transactions was £1,852,500.
Alex Stuart, Open Market Negotiator at Swoffers, noted the continued draw of the island: “Activity on the Open Market remains a key indicator of Guernsey’s underlying stability. We are seeing a steady stream of enquiries, particularly from relocating buyers seeking the safety, security, and favourable tax position Guernsey offers. The increase in activity this quarter reinforces that, with a sense that people are choosing to act now rather than waiting for further global uncertainties to resolve.”
States of Guernsey 2026 Budget
The recent announcements in the States of Guernsey 2026 Budget regarding property taxation and financing are anticipated to have a positive impact on market structure and supply.
- The decision to scrap the extra document duty on properties not used as the owner’s main residence is a constructive measure that should encourage investment in the residential sector. This increased investment is expected to expand the supply of rental properties, offering greater choice and potentially mitigating upward pressure on rents.
- Keeping mortgage interest relief the same provides continuity to current and prospective homeowners in managing housing affordability.
Andre Austin added: “With solid transaction volumes, robust demand across all sectors, and supportive policy changes from the States of Guernsey, we have turned a corner. The market has found its footing and the future looks very positive for Guernsey property.”
For full details of the Guernsey quarterly residential property prices bulletin, click here.
