The release of the latest Guernsey Residential Property Prices Bulletin for the first quarter of 2026 reflects a market that has carried strong momentum into the new year. Following a record-breaking 2025, activity levels remain healthy across both the Local and Open Markets, while prices have continued to show resilience despite ongoing economic pressures.
Local Market
The Local Market has started 2026 in an encouraging position, with prices reflecting continued stability in the market.
There were 163 Local Market transactions in Q1 2026, broadly in line with the same period last year. The mix-adjusted average purchase price rose to £604,094, representing a 1.4% increase on the previous quarter and a 4.1% increase compared to Q1 2025. This marks a return to positive annual price growth and suggests growing confidence across the market.
The majority of activity continued to sit within the £300,000 to £699,999 price brackets, which together accounted for almost two thirds of all transactions. Demand for family homes also remains particularly strong, with three-bedroom houses and bungalows making up the largest proportion of sales.
“Activity levels have remained strong throughout the first quarter, especially considering the strong finish we saw at the end of 2025. Buyers are still active and motivated and we’re continuing to see competitive interest in quality family homes, while correctly priced properties are achieving good levels of viewings and strong offers,” said Olivia Phillips, Local Market Negotiator.
Open Market
The Open Market has also seen a positive start to the year, with transaction volumes increasing noticeably.
There were 28 Open Market transactions during Q1 2026, compared to 16 in the same quarter last year. The raw median realty price stood at £1,494,188.
Transaction levels are encouraging and continue to reflect Guernsey’s appeal to off-island buyers seeking security, stability and quality of life.
“We’ve seen strong levels of enquiry and viewing activity continue into 2026, with buyer confidence remaining positive. Guernsey continues to attract people looking for both lifestyle and long-term security, and the increase in transaction numbers this quarter is particularly encouraging,” said Sophie Ephgrave, Open Market Director.
Rentals
The rental sector continues to experience sustained pressure from demand, with prices remaining at historically high levels.
The mix-adjusted average rental price increased to £2,170 per month in Q1 2026. This was 0.4% higher than the previous quarter and 4.9% higher than Q1 2025.
Rental price growth continued to outpace inflation during Q1 2026, highlighting the ongoing imbalance between supply and demand in the private rental sector. The bulletin also noted that several newly completed one-bedroom apartments entered the market at the upper end of the rental price range, contributing to upward pressure on average rents.
Looking ahead
The first quarter of 2026 suggests the Guernsey property market has entered the year with renewed stability and confidence. Annual growth has returned to Local Market prices, Open Market activity has strengthened and buyer demand remains healthy across many sectors. Our team has already sold 26 of 37 Open Market homes this year and has currently more than 70 Local Market properties under offer.
With enquiry levels remaining high and agreed sales continuing steadily across both markets, Guernsey property continues to demonstrate resilience and long-term appeal.
View the latest bulletin HERE.
