Legal Thoughts on Guernsey’s Residential Property market, Q1 2026

The Guernsey Quarterly Residential Property Prices Bulletin for Quarter 1, 2026 (published 12 May 2026) offers a clear snapshot of how the Island’s housing market is evolving.

For more details, please see: Guernsey Quarterly Residential Property Prices Bulletin

In essence, prices continue to edge upward, and the rental sector remains very buoyant. Our Guernsey Property Team have taken a short pause from their busy schedules to give some thoughts as to the positive trend.

Local Market: what we are seeing day to day

Prices continue to rise steadily. The mix‑adjusted average purchase price has reached £604,094, a modest increase on the previous quarter and an increase compared with this time last year. Over five years, however, the upward trajectory is more striking.

Fewer sales completing

Although prices are continuing to rise, there were 163 Local Market transactions in the first quarter this year, which is fewer than the previous quarter and slightly below the same period last year. As weather improves, in a cyclical market, we are optimistic about high levels of activity coming in the next few months.

Time on the market continues to lengthen

The average time between listing and sale has risen to 284 days, reflecting perhaps a more cautious buyer mindset, or a heightened awareness of the cost of living and potential inflationary pressures adjusting interest and thus mortgage rates.

Advertised prices versus achieved prices

Final sale prices were, on average, 8.4% below the maximum advertised price. As our F&F LLP Team observes, negotiation has become a central part of the process again, and sellers who price realistically from the outset appear to be achieving smoother, more predictable sales.

More new builds entering the market

New‑build homes accounted for 6.7% of Local Market purchases, and which is an important contribution to supply. Our specialist property team reports that where new‑builds are available, demand is strong, with buyers particularly drawn to energy efficiency, modern layouts and lower ongoing maintenance.

Open Market: in demand

The median Open Market price stands at £1,494,188, and whilst lower than last year, is still above levels recorded five years ago. Our team highlights that with fiscal and geopolitical uncertainty at the moment, interest from relocators seeking stability and quality of life is very keen indeed.

Rental Market: effervescent

The mix‑adjusted average rental price has risen again to £2,170 per month, almost 45% higher than five years ago. Our Property Team is seeing a large number of enquiries in this sector, with demand continuing to outpace supply.

In summary, the first quarter of 2026 paints a picture of market resilience and moving into a time of year when market activity is typically high. Guernsey continues to offer opportunity, community spirit and safety, key Island characteristics especially when decisions are guided by clear insight and grounded advice.

Our team is always happy to discuss what these developments might mean for your next move. For tailored advice or to discuss the recent market trends in more detail, please contact our Guernsey Conveyancing team on 01481 815050 or please do feel free to contact us by email to conveyancing@ferbrachefarrell.com.