The steady improvement in the Guernsey property market is demonstrated in new figures out today that point to measured rises in both prices and turnover.
Property law specialist Advocate Martyn Baudains, a partner leading Ogier’s Guernsey property law team, says that the 2.5% rise in prices compared to the same period last year, and the fact that turnover had increased around 20% in the same period, pointed to a sustainable, measured improvement.
Baudains said that the number of transactions for the quarter, at 200, was the highest quarterly number since 2012, which was another positive sign.
He said: “There are signs here for continued optimism – the important thing is that there is sustained, measured increase, not boom-and-bust in prices, turnover or even loan-to-value ratios, which are a good measure of affordability.
