The Guernsey Annual Residential Property Stock Bulletin for 2022 has been published.
The bulletin provides a snapshot of Guernsey’s domestic property stock at the end of the year and tracks how this has changed over time.
At the end of December 2022, the total number of domestic property units in Guernsey was 27,494, of which 1,598 (5.8%) were Open Market.
During 2022, 181 new units were created and 56 units were removed, a net increase of 125 units. Of the net increase of 125, 16 units were Affordable housing.
75.0% of all domestic property units were houses or bungalows and 24.0% were apartments and almost a third of all domestic property units (31.5%) had 3 bedrooms.
61.1% of the units were owner occupied, 26.3% were privately rented, 8.6% were Affordable social rented units and 1.0% were Affordable intermediate (partially owned) housing units. The remaining 2.9% of units were of other tenure types or vacant.
86.9% of domestic property units had an owner whose address was in Guernsey, 11.7% were owned by the Guernsey Housing Association, States of Guernsey or similar housing association and 1.4% had an owner whose address was not in Guernsey.
32.9% of all property units were concentrated within St Peter Port. St Peter Port also had the highest density of units, with 1,410 units per square kilometre. This is more than double the density of any other parish.
4.2% of all domestic Local Market property units were conveyed in 2022, a lower proportion than in 2021 and 2020 (4.6% and 4.5% respectively) but higher than in 2019 (4.0%).