The Guernsey Residential Property Prices Bulletin has been published for Quarter 2 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 the Local Market properties transacted during the second quarter of 2026 was £608,844, which is 0.8% higher than the previous quarter and 2.1% higher than the second quarter of 2025. The average was 20.4% higher than five years previously.
There were 261 Local Market transactions during the second quarter of 2026, which was 98 more than the previous quarter and 66 more than the second quarter of 2025. Five years previously, in the second quarter of 2021, there were 297 transactions.
The four quarter rolling average time between a Local Market property becoming available for purchase and its subsequent sale was 278 days for properties purchased in the second quarter of 2026, compared with 259 days in the second quarter of 2025 and 186 days in the second quarter of 2021.
3.8% of Local Market purchases during the second quarter of 2026 had been built in the previous twelve months. This compares to 3.1% in the second quarter of 2025 and 1.7% in the second quarter of 2021.
The raw median price (realty only) of the 24 Open Market transactions in the second quarter of 2026 was £1,989,000 compared with £1,569,750 in the second quarter of 2025. In the second quarter of 2021 the median was £1,228,500.
The mix adjusted average rental price for Local Market properties was £2,138 per calendar month in the second quarter of 2026, 1.5% lower than the previous quarter, 3.1% higher than the second quarter of 2025 and 34.2% higher than five years previously.
25 property units were created during the second quarter of 2026, and 13 were removed, resulted in a net increase of twelve. In the year ending June 2026 there was a net increase of 107 property units.
Nick Paluch, director in the residential sales team at Savills Guernsey, said: “Against a backdrop of political change in the UK and ongoing geopolitical tensions in the Middle East, the island’s property markets have continued to show their resilience, with realistically priced, well-maintained homes selling very well. Although there is still a clear focus on value, transaction levels in the Local Market have increased significantly compared to this time last year, with buyers gaining confidence from greater stability in interest rates and a more favourable mortgage environment. As a result, a lot of people who sat on their hands last year waiting for things to change appear to have decided that now is the right time to move.
“Guernsey’s appeal as a place to live and do business meanwhile continues to drive Open Market activity, with a lot of buyers still attracted by the island lifestyle and the favourable tax environment. We expect that level of interest to continue, although the lack of stock on the Open Market could affect momentum.”
Emily Rowe (pictured), associate in the property management team at Savills Guernsey, said: “While average rents have eased slightly compared with the previous quarter, Guernsey’s rental market remains robust – with average rental values still more than 3% higher than the same period last year. The first half of 2026 has seen strong momentum, with just shy of 20% more properties let compared with the first six months of 2025. However, there remains a fundamental lack of stock and demand continues to outstrip supply across both the Local and Open Markets, particularly for well-presented family homes and centrally located apartments.”
