More homes on the market and rents go up

7 hours ago

Julia GregoryChannel Islands

News image — More homes were on the market at the end of the year than in the autumn

Ben Chapple/BBC A field is in front of of row of two-storey homes in Guernsey. The sun is shining and there are trees to the left and a tree with red leaves between the houses. — More homes were on the market at the end of the year than in the autumn

The average house price in Guernsey in the last three months of 2025 was £595,820 - a fifth higher than five years ago, according to government figures.

There was an increase in the number of homes on the market, with 246 homes for sale during the last quarter of 2025, 37 more than the previous quarter; but down from the peak of 345 at the end of 2020.

However, the Guernsey Quarterly Residential Property Prices Bulletin found that it took an average of 279 days to sell properties brought at the end of the year - compared with 234 days the previous year.

The final sale was on average 8.4% lower than the advertised price, compared with a 7.4% drop at the same time in 2024, the survey found.

The survey found the average house price was 0.5% higher than the previous quarter and 1.4% down on the last three months of 2024.

Renters paid an average of £2,162 a month for local market homes in the final quarter of 2025, which was 6.1% up on rents at the end of 2024.

It was 57.2% higher than five years ago, according to the report.

The largest number of transactions at the end of the year were in the £500,000 to £699,999 bracket.

Overall, properties fetched £260m over the last quarter of 2025, with £161m spent on local market homes and the rest on open market properties, commercial property or land sales.