The release of the latest Guernsey Annual Residential Property Stock Report for year-end 2025 provides valuable insight into the structural foundations of the island’s housing market. The report looks deeper at supply, ownership and how the housing landscape is evolving.
Local Market
The Local Market continues to be defined by limited supply growth and strong underlying demand.
At the end of 2025, there were 26,192 Local Market properties, representing 94.2% of total housing stock. This is an increase of just 0.4% year-on-year.
Overall housing stock increased by a net 62 units during 2025, with 127 new properties created and 65 removed. While positive, this level of growth remains modest relative to demand.
There is a clear dominance of houses and bungalows, which account for over 74% of all homes. Apartments make up just under a quarter of the market. Three-bedroom homes remain the most common property type, accounting for 31.5% of all stock.
“This steady but limited increase in housing stock mirrors what we experience daily. Demand continues to outstrip supply in many key segments of the Local Market. Family homes, in particular, remain highly competitive, and this imbalance continues to support pricing levels despite broader economic pressures,” said Olivia Phillips, Local Market Negotiator.
Open Market
The Open Market remains stable, with only marginal changes in overall supply.
There are now 1,607 Open Market properties, representing 5.8% of total housing stock, virtually unchanged year-on-year.
Open Market homes are typically larger, with nearly a quarter of properties having more than four bedrooms, compared to a much smaller proportion in the Local Market. Houses dominate, making up close to two thirds of all Open Market stock.
“The consistency of Open Market supply reinforces its position as a premium and lifestyle driven sector. With limited stock and strong international appeal, we continue to see sustained interest from relocators looking for stability and quality of life,” said Sophie Ephgrave, Open Market Director.
Rentals
The report also highlights the importance of the rental sector within Guernsey’s housing mix.
At the end of 2025, 26.3% of all properties were privately rented. Apartments make up most of the rental market, particularly one- and two-bedroom units. More than half of Local Market apartments are rented rather than owner occupied.
This reinforces the ongoing pressure on rental availability, particularly for smaller properties and accommodation for key workers.
Housing distribution
The data also provides insight into how housing is spread across the island.
32.7% of all properties are located in St Peter Port, while over 40% of housing is concentrated within the wider Main Centre area. Development outside these areas remains limited due to planning policy.
In terms of ownership, most homes are owner occupied, with a significant proportion owned by residents but not lived in by them. This highlights the continued importance of both the rental sector and second home ownership within the market.
Looking ahead
While the housing stock continues to grow, the pace remains modest. This reinforces a key theme we expect to continue through 2026 – sustained demand meeting constrained supply.
Opportunities to increase housing, whether through new development, redevelopment or policy support, will be critical in shaping the next phase of the market.
The Swoffers Open Market team sold five times more properties than its nearest competitor in 2025 and one in four local market homes. This momentum has continued into 2026, with 17 of 23 Open Market homes already sold and more than 80 Local Market properties under offer. With solid fundamentals and sustained demand, the outlook for the Guernsey property market remains positive.
Read the full report HERE.
