Rental costs rise by 33.5% in five years

Average house prices have risen in Guernsey, according to new figures.

The Residential Property Prices Bulletin said the average property sale price for July, August and September in 2026 was £613,694 - 0.8% higher than the previous quarter and 3.6% higher than the third quarter of 2025.

It said the figure, relating to 199 local market sales, was 10.7% higher than five years previously. Officials said it was 62 fewer than the previous quarter and 10 fewer than the same time period last year.

It said the average rent price for local market properties was £2,134 per month - 0.2% lower than the previous quarter, but 1.1% higher than in 2025 and 33.5% higher than five years ago.

James Starkey, head of residential sales at Savills Guernsey, said a fall in the number of sales in the three months to September was "not unexpected".

He said: "It coincides with the quieter summer holidays and, year-on-year, the figures are broadly similar. Average values also appear to have stabilised.

"Higher interest rates and the increased cost of borrowing could well affect people's desire to move as we head into the winter."

Starkey said the number of open market transactions in the three-month period was "particularly encouraging".

"It's also been a strong October – with more sales now completed than for the whole of 2025 put together," Starkey said.

"The island looks likely to surpass 100 transactions by the end of December, which is a promising sign for 2027."

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