General News

Guernsey rental costs surge by 45 percent in five years

Data from the latest States Property Bulletin reveals a significant climb in Guernsey's rental market, with average monthly costs now reaching £2,200.

Local market rents now average just under £2,200 a calendar month.. The latest States Property Bulletin for the first quarter of 2026 shows that demand over supply is pushing up rental prices.. They are just under 45% more than they were in 2021 and an average rent for a Local Market home is nearly £2,200 a month.. Property sale prices on the Local Market averaged £604,000 which is a rise of 1.4% on the final quarter of 2025 and 4% up on one year ago.. Over five years prices are up just under 20%.. It is taking an average of nine months for a Local Market home to sell and the price achieved is around 8% less than the asking price.. 6% are new builds.. Guernsey’s Open Market prices have dipped, with the median sale price £400,000 less than one year ago at £1,494,000.. There were 28 sales over the first quarter of 2026.

Guernsey property market, Guernsey rental costs, housing trends 2026, Guernsey property prices, Local Market sales, Guernsey real estate

Secret Link