The latest figures from the States of Guernsey show a strong second quarter for the island’s property market, with both Local and Open Market sectors seeing increased activity and demand.
There were 195 Local Market transactions during Q2 2025 (up 29 from the previous quarter and 50 more than the same period last year). The mix-adjusted average purchase price rose to £596,573, 2.8% higher than Q1 and 1.5% above Q2 2024.
“It’s been an incredibly busy few months,” said Swoffers Director Andre Austin. “At one point, we had 84 Local Market properties under offer which is the most we’ve ever seen. The market remains highly price sensitive, but realistic pricing is being rewarded.”
While activity levels are high, challenges persist. “Lending delays are still an issue,” added Andre. “Turnaround times for mortgage approvals are stretching into weeks, which can cause frustration for buyers and sellers alike.”
Swoffers continues to lead in high-value sales over £1m on the Local Market selling three times more properties than its competitors including the highest recorded sale to date in 2025 of £3.3 million.
The Open Market also performed well in Q2, with a median realty-only sale price of £1,569,750. Activity remains strong, particularly among buyers relocating from the UK.
“Interest in relocating to Guernsey remains strong,” said Alex Stuart, Open Market Negotiator at Swoffers. “Some prospective buyers are choosing to rent first and ‘try before they buy’, but we’re seeing a steady stream of enquiries particularly for high-value properties that have recently launched.”
The Open Market team have continued to underpin their position as market leaders selling an impressive 9/10 properties over £3m so far this year.
The mix-adjusted average monthly rent rose to £2,075 – 0.3% higher than the previous quarter, 5.3% higher than Q2 2024 and 50.8% up on five years ago.
“There’s a real need for more rental properties,” said Andre. “We hope the States will consider removing the tax on second properties to encourage more landlords into the market.”
With strong buyer interest and more premium listings on the horizon, the outlook for the rest of 2025 looks promising.
For full details of the Guernsey quarterly residential property prices bulletin, click here.
