The Guernsey property market saw the highest number of transactions last year since 2007, according to the latest Residential Property Prices Bulletin from the States of Guernsey.
The total number of transactions in 2019 was 845, which is 35 more than in 2018 and the highest annual total since 2007.
The report also found the mix adjusted average purchase price for local market properties was £441,295 in the fourth quarter of 2019, 3.5% higher than the previous quarter and 0.8% higher than the fourth quarter of 2018.
Nick Paluch, from the residential team at Savills Guernsey, said: “The increase in house sales and growth in property prices shows that confidence within the local market has returned amongst buyers. The combination of the island’s stable political environment and security also continues to be a draw for external investment in the open market. We have seen a real increase in applicants registering with us across all price points and we anticipate that 2020 will be another strong year for Guernsey property.”
