Property for Sale in Guernsey, Guernsey Real Estate | propertyskipper (2024)

FAQs

Is it easy to buy property in Guernsey? ›

Buying property in Guernsey is part of a complex legal process and you will need an advocate to act on your behalf. They carry out work similar to a solicitor in the UK and your agent can usually recommend someone if you don't have a preferred choice.

Housing crisis

"The demand for housing is just massively outstripping supply. "There's an issue around land availability because Guernsey is an island. "Plus you've got the issues with the costs of construction, which are even higher than the UK.

With its safe and friendly community, a thriving business scene and some beautiful coastline – it's easy to see why more and more people are deciding to call Guernsey home. The island remains a popular destination for those wanting a change in lifestyle and we continue to see strong demand for property.

St George, situated at Rue des Deslisles in Castel, had an asking price of £25m. and had been for sale since May 2022. Estate agent Savills agreed the sale of the open market property. Director Nick Paluch said it had sold for a price that reflected the exceptional quality and unique nature of the property.

house price stood at £634,695 for the year. This represents a decrease of 4.94% on the 2022 median average, but does follow two successive years of unusually high double-digit growth; and. apartment/flat price stood at £357,891 for the year, seeing an increase of 3.15% against the 2022 median average.

In order to apply for Guernsey residency, the applicant must have £1m available and under their control. Make an investment of at least £750,000 for the benefit of the Bailiwick of Guernsey.

Anyone living in an Open Market property has the right to live and work on the island indefinitely with no minimum revenue requirement.

Guernsey is nice, particularly St Peter Port but Jersey has more to offer. It has more of a holiday atmosphere, the shopping is better and bigger and the scenery more stunning as it is not as built up.

Housing and standard of living

The high cost and often relatively poor quality of housing in Guernsey is a major issue, particularly for the poorer sections of society.

Can I just move to Guernsey? ›

British passport holders and those who have been granted “indefinite leave to remain in the UK” can move to Guernsey with no immigration applications. For those without the above status, obtaining a visa is more complex following Brexit and consultation with an immigration lawyer is advisable.

In 2020, 14.8% of households in Guernsey had an income of less than 60% of the median, meaning around 9,000 people were classed as living in 'relative poverty' in the island during that year.

The historic town centre of St Peter Port combines quaint cobbled streets with bustling commerce interspersed with a diversity of restaurants. Boating enthusiasts enjoy excellent facilities around the harbour and its two marinas.

Although anyone can buy any type of property in Guernsey, it's important to be aware of the distinction between Open and Local Market properties when house hunting, as it determines whether you have the right to actually live in the house or apartment you intend to purchase.

Guernsey's largest industry is financial services, followed by tourism and agriculture. The island is particularly well-known for its cattle.

If you hold a British or Irish passport or have been granted “Indefinite Leave to Remain in the UK”, you can move over to Guernsey, live in a single occupancy “Open Market” property and work on the Island for as long as you wish, or you can live in a multi-occupancy Open Market dwelling and work here for a maximum of 5 ...

It's a lot cheaper in Guernsey

Jersey and Guernsey calculate average house prices in slightly different ways. Using Guernsey methodology, the average price of properties sold in Jersey in quarter two was £750,000. This is £151,000 higher than the average in Guernsey (£599,000).

To retire to Guernsey, you must be able to demonstrate that you have sufficient financial resources to support yourself without seeking employment in Guernsey. You must also have a valid passport and not have a criminal record.