The Guernsey Residential Property Prices Bulletin has been published for Quarter 3 of 2026.
The Guernsey Residential Property Prices Bulletin measures average price changes in residential properties purchased and advertised as being available to rent on the island each quarter and provides a headline analysis of trends in average prices.
The mix adjusted average purchase price for local market properties transacted during the third quarter of 2026 was £613,694, 0.8% higher than the previous quarter and 3.6% higher than the third quarter of 2025. This was 10.7% higher than five years previously.
There were 199 local market transactions during the third quarter of 2026, which was 62 fewer than the previous quarter and ten fewer than the third quarter of 2025.
The raw median price (realty only) of the 28 open market transactions in the third quarter of 2026 was £1,455,188.
The mix adjusted average rental price for local market properties was £2,134 per calendar month in the third quarter of 2026, 0.2% lower than the previous quarter, 1.1% higher than the third quarter of 2025 and 33.5% higher than five years previously.
James Starkey (pictured), head of residential sales at Savills Guernsey, said: “In the face of political change in the UK and ongoing geopolitical tensions further afield, the island’s property markets have continued to show their strength.
“Where values have aligned with buyers’ expectations there has been robust activity and more deals are now being achieved closer to the guide price compared to last year and the year before.
“Demand has been particularly strong in the Open Market, with activity largely driven by buyers influenced by the UK’s Autumn Budget and those preparing for the end of the tax year.
“The number of Open Market transactions in the three months to the end of September was particularly encouraging and it’s also been a strong October – with more sales now completed than for the whole of 2025 put together. The island looks likely to surpass 100 transactions by the end of December, which is a promising sign for 2027.
“Activity in the Local Market has been a little more measured, but still stable. Realistically priced, well-maintained homes have sold well, with activity supported by those with a clear reason to move.
“The fall in the number of sales in the three months to September is not unexpected as it coincides with the quieter summer holidays, and year on year the figures are broadly similar. Average values also appear to have stabilised.
“Higher intertest rates and the increased cost of borrowing could well effect people’s desire to move as we head into the winter. As a result, needs-based demand will likely continue to fuel activity in the short term, with correct pricing remaining crucial for those hoping to sell.”
Emily Rowe, associate in the residential lettings and property management team at Savills Guernsey, said: “The latest figures highlight a resilient rental market, with average rents broadly stable quarter-on-quarter and 1.1% higher than a year ago.
“Demand continues to outstrip supply for quality rental properties, which is helping to support values despite a more moderate pace of growth.
“Well-presented homes remain highly sought after and are attracting significant interest from prospective tenants – particularly among relocating professionals and families.”
