During 2018 there was a net increase in the island’s domestic property stock of 232 – the highest annual increase since 2014. This was made up of 287 new units and the removal or demolition of 55 units.
‘We always have clients looking for new build properties and so it’s good to see this increase in the island’s housing stock,’ says Swoffers Director, Andre Austin.
‘What’s important though is that we see a range of new properties being built and not just one-bedroom apartments or two to three-bed houses. We need new build stock of good quality, larger houses for families looking to upsize.’
The Guernsey Annual Residential Property Stock Bulletin, published today, shows that almost a third of all domestic property units (31.7%) had 3 bedrooms. Nearly 60% of units were owner-occupied, around 29% were privately rented, just over 9% were affordable social rented or partially owned, with the rest being other tenure types or vacant.
‘It’s interesting to note that less than 1.5% (392) of all properties are specifically for people over the age of 55,’ says Andre.
‘This is also an area that possibly needs further consideration as the island has an increasingly ageing population.
‘But in general it’s positive for the island’s economy to see record numbers of new-builds and it will be interesting to see if this trend continues.
‘Anyone interested in purchasing a new build, or wanting to find out what new properties might be in the pipeline, is welcome to contact our experienced sales team on 711766 or email firstname.lastname@example.org ‘