Property Prices Bulletin confirms strong sales in 2018

News

The States of Guernsey’s latest Property Prices Bulletin has confirmed the positive end of year sales figures for both Local Market and Open Market properties.

Highlights of the latest bulletin include Local Market sales in Q4 2018 being 4% higher than the same period in 2017 and 4.3% higher than the previous quarter.

There were 236 Local Market transactions during the fourth quarter of 2018 – 50 more than the same quarter of 2017.

Swoffers had been celebrating an extremely busy end of the year, especially with regards to Open Market sales which had reached the highest levels for a number of years. If the first six weeks of 2019 is anything to go by, this trend appears to be continuing.

‘The official sales figures for 2018 reflect exactly what we have experienced,’ says Andre Austin, Swoffers Director.

‘Certainly, activity on the open market was fuelled mainly by uncertainty in the UK. Levels of enquiry are still high, and sales are continuing to happen.

‘Local market sales remain buoyant, although it’s difficult to draw any meaningful conclusions on the average purchase price of £437,909. It’s interesting to note that large local market properties with four or more bedrooms had the highest proportion of transactions during the last quarter. But more general interest in all types of Local Market properties remains high.’

You can access the latest Residential Property Prices Bulletin here

 

 

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