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Guernsey house prices rise nearly 20% in a year

BBC Houses in St Peter PortBBC
House prices have risen nearly 20% in a year in Guernsey

The average house price in Guernsey has risen nearly 20% in a year.

Between July and September 2021 the average purchase price was £554,290 compared to £465,664 for the same time in 2020.

A rise of 19% according to the latest figures from the States of Guernsey.

Rental prices have also increased with an average price of £1,599 per month during the summer of 2021 - up 16% from 2020.

The island is struggling with what has been described as a housing "crisis", with an insufficient supply of homes to both rent and buy.

States of Guernsey House price figures graphStates of Guernsey
The average purchase price of property has risen by over £88,000 in 12 months
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