Local Market property sales in 2019 were the highest since 2007 according to the latest figures published by Unusualities of Guernsey.
There were 879 Local Market sales, 34 more than in 2018 and over 300 more than when the market was at its lowest point in 2015.
The figures show that Open Market sales have also maintained the high levels of activity seen in 2018 with 71 sales in 2019 compared to 75 the year before.
“It has been a record year for our Local Market sales team,” said Spencer Noyon, Swoffers Director and Local Market negotiator.
“The market picked up in 2018 and this has continued throughout the last 12 months. Every indication is that this level of activity will continue as long as we see a good supply of sensibly-priced properties coming to the market for sale.”
There were 25 Open Market sales over £1.5m of which 18 were over £2m, confirming renewed interest in relocating to Guernsey.
Swoffers negotiated the top ten most expensive individual Open Market sales in 2019 and we already have a good number of sales due to complete in January.
‘The turbulent political situation across the water in the UK has certainly influenced a number of new clients who have moved to the island in the past year,’ said Shauna Clapham, Swoffers Director and Open Market negotiator.
‘Although Guernsey continues to be somewhat of a hidden secret, we have been continuing to target potential buyers and relocators through our innovative use of digital marketing and by joining delegates from Guernsey Finance on a recent We Are Guernsey marketing trip to Dubai, Singapore and Hong Kong.
‘We are optimistic for 2020 as we have sales in the pipeline and offers being considered,’ said Shauna.
‘Guernsey’s stable tax regime and well-regulated, supportive business environment are important factors in the decision-making of relocators along with the island’s safety and security.’
Swoffers Lettings and Management team have also had a record-breaking year as the rentals market continues to be strong.
“We have grown our property management and lettings team over the last year to cope with the increased level of demand and are proud to have the largest and most experienced team of property professionals to look after our clients’ needs,” said Andy Biggins, Swoffers Director and Property Manager.
“The rentals market continues to be very busy with quality, well-priced properties being snapped up within 24 hours. Renting out property remains a sound investment and we expect 2020 to continue to be busy.”