Guernsey Property - Spring/Summer 2023

Guernsey property

SPRING / SUMMER 2023

A high quality service in private client banking

Rothschild & Co is one of the world’s leading independent financial services groups with a history of over 200 years and a presence in Guernsey for over 50 years.

We work with some of the world’s most successful entrepreneurs, families and charities to preserve and grow their wealth.

We offer a range of services including Discretionary Wealth Management, Banking Services and Portfolio and Residential Property Lending.

You can find out more by emailing marketing@rothschildandco.com

Silver bar

Silver bars, as well as gold, were produced at the Royal Mint Refinery in London’s East End during Rothschild’s ownership of the business (1852-1968.) Each bar was marked with a unique number and a guarantee of its purity.

Banking Deposit Compensation

offers full protection

“qualifying deposits” up to £50,000, subject to certain limitations. The maximum total amount of compensation is capped at £100,000,000 in any 5 year period. Full details are available on the Scheme’s website www.dcs.gg or on request.

Welcome to the Spring/Summer 2023 edition of the Guernsey Property Guide.

The market, whilst it has steadied, is still very much active and constantly changing. If you are looking for a property it is always a good idea to register with us to ensure that you

COOPER BROUARD DIRECTORS

are kept up-to-date with market trends and new instructions. Please visit our website cooperbrouard.com to sign up or call our team on 01481 236039, we’re always happy to help.

do they want a location title here?

Ross Le Marquand Director - Open Market Mobile: +44 (0)7781 150774 ross@cooperbrouard.com

One of the founding partners Ross, who heads our Open Market Department, has been selling houses in Guernsey for over 25 years and has an encyclopaedic knowledge of the workings of the Open Market.

Matt Brouard Director - Local Market Mobile: +44 (0)7781 137305 matt@cooperbrouard.com

Matt has over 30 years’ experience in Guernsey property, having spent 10 years with a long established firm prior to founding Cooper Brouard with Trevor and Ross in 1996.

Cathy Gallienne BSc Director - Local Market Mobile: +44 (0)7781 127392 cathy@cooperbrouard.com

Cathy has over 20 years’ experience in Guernsey Property, having spent the last six years heading up and expanding the rental and management team, she has now moved back to local market sales giving additional support and expertise in the incredibly busy sales team.

OPEN/LOCAL MARKET SALES TEAM

Karen Crawford Company AssociateOpen Market Mobile: +44 (0)7781 136040 karen@cooperbrouard.com

James Starkey Senior Open Market Negotiator Mobile: +44 (0)7911 760536 james@cooperbrouard.com

Megan Chipperfield Open Market Negotiator Mobile: +44 (0)7781 142197 megan@cooperbrouard.com

Ben McVey Local Market Mobile: +44 (0)7781 420303 ben@cooperbrouard.com

LETTINGS & MANAGEMENT TEAM

Liz Mauger Local Market Mobile: +44 (0)7781 123994 liz@cooperbrouard.com

Lucie Fox-Pegg Local Market Mobile: +44 (0)7781 193503 lucie@cooperbrouard.com

Harry Phillips Local Market Mobile: +44 (0)7781 172470 harry@cooperbrouard.com

MARKETING & ADMINISTRATION

Heather Barrell Head of Lettings & Management Mobile: +44 (0)7781 115610 heather@cooperbrouard.com

Ross Yeates Lettings & Management Mobile: +44 (0)7781 118740 ross.yeates@cooperbrouard.com

Kate Howlett Administration kate@cooperbrouard.com

Rosy David Administration rosy@cooperbrouard.com

Charlie Le Prevost Reception & Marketing charlie@cooperbrouard.com

Emma Le Cloarec Reception & Marketing emma@cooperbrouard.com

Scott Gallienne Accounts accounts@cooperbrouard.com

These sessions are delivered to sixth form students around the island and sign post how to begin that journey. Everything from career choices and salary expectations in the first job, to applying for a mortgage, the actual application process, and the steps to owning your first home in the Bailiwick.

When students leave school, they’re often thrust into a world of complex financial decisionmaking and sometimes, without the necessary learning to make educated choices. Cooper Brouard developed the seminars in conjunction with teachers, to establish the right way to approach a seemingly untouched and rather important topic.

OPENING DOORS & CLIMBING LADDERS

By educating young adults about the steps required to get on the property ladder, Cooper Brouard is empowering the homeowners of tomorrow. As the next generation of property buyers, it’s essential that young adults have a solid understanding of the process. An open forum has been created to discuss worries and concerns; the market, and the financial environment new homeowners may purchase in.

Equipping young adults with this knowledge bridges the gap between the somewhat daunting task of beginning the house purchase journey and eventually signing the papers.

By working with students to break down those barriers and highlighting what’s needed early on, the team hopes to instil the wisdom which supports a generation of informed homebuyers.

When students leave school, they’re often thrust into a world of complex financial decision-making without the necessary education to make educated choices.

By offering seminars like this, Cooper Brouard hopes to build a foundation of knowledge that can serve students for the rest of their lives. The lessons learned during the seminars will undoubtedly be valuable to the students, not only when it comes to buying a property but also for managing their finances in general.

The first in a series of interactive seminars, was attended by 200 students at the Guernsey Sixth Form Centre and was a resounding success. Members of the Senior Leadership staff praised the presentation team for the fun, informative and practical nature of the sessions. Throughout the seminar, students also learned about the different types of mortgages available, how to calculate the amount they could borrow and the importance of saving for a deposit.

Empowering young people through education is one of the best ways to ensure that they are prepared to navigate the challenges of modern life. And, in the current housing market, the ability to purchase a property can seem like a formidable task.

But, with the right education and support, it’s possible for anyone to take the steps necessary to get on the property ladder.

Getting onto the property ladder can seem like an insurmountable challenge for many young people, which is why the team at Cooper Brouard is working hard to change that mindset by providing clear guidance in the form of interactive lessons and practical seminars.

Cooper Brouard NEWS

Fostering goodwill and

care

among islanders is not just a responsibility but a privilege.

Beyond the realm of buying and selling properties, Cooper Brouard have made it their mission to spread kindness through the Community series – a sustained act of kindness each month that the whole team contributes to. It isn’t always documented or shared for social media purposes, but it is always well received and appreciated by those benefiting from the efforts.

Action For Children

Food donations and essential item care boxes have been gifted to Action For Children. The efforts of the charity ensure that those in care have access to a support network that provides guidance for living an independent life.

Art for Autism Guernsey

Resident artists within the Cooper Brouard team understand art can foster self-expression and emotional well-being, in individuals with sensory challenges or autism. Bespoke artwork was presented to Autism Guernsey to enhance the caregiving experience and empower those in care to explore their creative potential.

She definitely didn’t bring carrots.

As firm believers in the power of education and the joy it brings, the team recently celebrated Easter at a local primary school, organising a very special festive celebration which created an atmosphere of true happiness and glee.

The resident Barracuda

Ross Yeates, Lettings and Management negotiator at Cooper Brouard (and veteran Barracuda) has been awarded a well-deserved place in the 21-strong swim squad to represent Guernsey in the upcoming Island Games.

THE TEAM CLEARING LA MARETTE NATURE RESERVE

JEAN-LUC LE TOCQ Head of Private Banking, Julius Baer

Guernsey

When you’re planning the launch of your own business, it’s important to educate yourself about wealth management.

WEALTH PLANNING FOR ENTREPRENEURS

1. Holistic and strategic

plan

When clients are starting a new venture, their priorities usually start with “business” and “family”. “Personal finance” often features further down their list, and we advise them to think more broadly about their wealth situation. We recommend that clients consider account diversification, business governance, taxation, relocation and succession, to create a full view that addresses the financial goals they have for themselves, their family and their business. By making conscious decisions in this way, they can take appropriate steps to ensure that their wishes in providing for themselves and their family are properly reflected in the outcomes.

2.

Trusted network of partners and advisors

Business owners are often more successful in making decisions if they have analysed all the facts, options and circumstances together with experts.

It’s crucial to build a network of trusted advisors you can call upon when needed; so, in addition to a wealth management specialist and a tax advisor, think about lawyers, accountants and an independent advisor in your field of business. Employing an independent director can be beneficial in helping owners to focus on the business more objectively.

Remember: launching a business is a complex process so no one advisor has all the answers. Our expertise is in taking a high-level view, but the key is to select, harmonise and manage a professional service team that can incorporate, analyse and coordinate the different moving parts.

3. Legal structures, place of incorporation and management

It’s essential to evaluate the needs and opportunities of your business properly, as the decisions you make when setting up your company will steer its financial developments in the years that follow. Depending on your business activities, it may not be easy to change your company’s domicile at a later stage, so it’s

essential to choose the right jurisdiction when setting up. Your choice of legal operating structure will depend on factors such as your business goals and objectives, financial capacity, the share class, the circle of shareholders, double taxation treaties and the way you plan to run your company. As for the place of incorporation and management, you need to consider factors such as the business activity, substance requirements, corporate income tax rates, and whether to rent or buy the business premises.

4. Diversify your wealth and segregate business activities from personal wealth

It’s typical for entrepreneurs to tie up much of their own wealth in their business. When you’re so focused on managing your new company’s ongoing operations, you can forget the importance of diversifying your asset portfolio.

Ensuring you segregate business activities from personal wealth is important, and a clear legal separation is key to preserve your wealth. There are different ways to achieve this, for example, by holding the shares in your business in a different structure than your portfolio of liquid assets.

5.

Regular circumstance review

As an entrepreneur, your world is constantly turning due to continuous changes in the legal, regulatory and tax environments – not to mention changes in your personal life. Regular reviewing is key; as your business grows, try to keep at least 6-12 months of your expenses in liquid reserves at all times and ensure that you have proper risk coverage and protections in the event of ill health or disability.

If you have dreams of starting a business, Julius Baer’s Guernsey team is experienced in guiding sophisticated private clients and entrepreneurs through the wealth planning elements of managing the latest venture. Contact Jean-Luc Le Tocq, jeanluc.letocq@juliusbaer.com, to find out more.

Julius Baer Guernsey’s Head of Private Banking, Jean-Luc Le Tocq, explores the wealth planning considerations you should keep in mind when beginning the process.

The following pages display only a selection of our Open Market properties. To view our full portfolio, please contact one of our negotiators.

Open Market properties

from the high market turnover over the last 24 months. Values continue to hold strong despite fluctuations in the UK market.

The time of year is one of a number of factors that contributed to a relatively quiet patch following the incredibly busy period we have seen over the last couple of years. The most notable shift in market condition has come through the changes in the lending market and the high interest rates lenders are now offering after a long period of very low rates. This led to a bit of apprehension in the market but Guernsey, as always, remains resilient and has not followed the same downward trend of the UK and other jurisdictions.

While lending and repayments are not as favourable to the borrower we are seeing people who are in a cash position look to take advantage of their situation to help speed up transactions. The conundrum that investors are considering is whether they take advantage of the higher deposit rates offered by banks or invest in property while they are in a favourable position.

Open Market applicants are still looking at Guernsey for the usual reasons, they are looking for a tax

The Local Market team have enjoyed a busy period with numerous new property instructions and sales being agreed as people look to move before the summer. While April was a quiet month for completions we anticipate this volume will increase over the coming months as people are now used to the new market conditions and the traditional reasons for climbing the ladder still remain.

If you have any queries about the market or want any advice about your next move do not hesitate to get in touch with one of our experienced team. We are always happy to help and use our experience to best advise you on how to tackle Guernsey’s fluid market.

friendly jurisdiction that is close to the UK, with good transport links. We are speaking to new applicants weekly who are looking to make the move across, and this has not changed despite the reduced transaction volume we are seeing. The main challenge to the Open Market continues to be a lack of stock as we continue to recover

Spring is well and truly here and with it we have seen the usual buoyancy return to the market after a quiet patch over the winter months. As we settle into 2023 we are seeing the market transaction volume return more toward pre-COVID levels.

James Starkey Senior Open Market Negotiator

Highfield,

Highfield,

Highfield

An elegant and attractive period house situated at the head of Fermain Valley.

With open views across private mature gardens to the coast beyond, Highfield provides bright, spacious accommodation tastefully and neutrally decorated throughout with high quality finishes and presented in pristine condition. An adjoining orangery provides an impressive additional reception room well suited to family living or entertaining while on the lower ground floor the property has been extended to provide a cinema and garden room.

Highfield is set well back from the road and approached over an imposing circular driveway. Cliff path walks are on the doorstep and St Martin’s Village and Town are a very short drive away.

Property details

Sitting room, dining room, kitchen/breakfast room, garden room, cinema room, orangery, study, Bedroom 1 with dressing room and en suite bathroom, 4 further bedrooms , dressing room, bathroom, 2 shower rooms, utility room, store room. Garage, gardens and parking.

£4,950,000

A 3 bedroomed family home with easy access to cliff path walks.

A detached 3 bedroom home located on the popular Fort George development with easy access to both lovely cliff path walks and St Peter Port and St Martins village amenities.

A much-loved family home Hukeley is being offered for sale for the first time since it’s construction. The potential purchaser may wish to adapt and upgrade the property as it stands or there is also excellent scope to extend and develop further. Alongside the well-proportioned living space Hukeley provides a double garage, ample parking and south and east facing mature gardens. The site offers a good deal of privacy in a sought-after residential neighbourhood.

Property details

Sitting room, dining room, kitchen, conservatory, bedroom 1 with en suite bathroom, 3 further bedrooms, shower room, separate wc. Double garage, parking and gardens.

Hukeley

£1,375,000

Hukeley, 2 Rue de la Douzaine, Fort George, St Peter Port GY1 2TA | £1,375,000

Le Mistral

A detached family home located on the southern outskirts of St Peter Port offering 5 bedrooms (4 ensuite), bright living rooms and a beautiful sheltered and private south facing garden.

The property is well maintained and is ideally placed for both Town and St Martin’s village amenities together with access to some lovely east coast walks.

Property details

Sitting room, dining room, conservatory, kitchen/breakfast room, utility, 5 bedrooms (4 with ensuite bath/shower rooms), study. Garage, parking and

Price on application

Le Mistral,

Moving to Guernsey?

What you need to know about the Open and Local Market

At the same time, the island offers a relaxed and friendly lifestyle with plenty of outdoor activities.

If you are considering relocating to Guernsey, you might have heard about our so-called “two-tier” housing market, which is unique to the island. The market is divided into Local Market and Open Market properties, each with its own rules.

Local Market properties

A property described as “Local Market” is restricted to individuals born in Guernsey, who have lived here for a certain number of years, or who hold a valid housing Permit or Certificate. Individuals can obtain a housing Permit or Certificate if they come to the island to fill a position experiencing a shortage of suitable “local” candidates.

Open Market properties

There are about 1,600 Open Market properties on the island which, as the name suggests, can be occupied by those who do not meet the criteria to live in a Local Market

property. If you are relocating to Guernsey, you will probably look for an Open Market property on Part A of the Housing Register. A property in this category is a private house, as opposed to properties on other parts of the Register, which are for hotels, nursing homes and lodging houses.

Who can live and work in Guernsey?

To live in Guernsey, you must, in addition to meeting immigration requirements, occupy the property as per the Population Management Law. To begin, everyone must have a Certificate or Permit issued under the Population Management Law to show they are allowed to live and/or work here.

Individuals entitled to live in Guernsey and who can undertake any employment here will be issued a Certificate. A Permit allows an individual to live and work in Guernsey provided certain conditions are met – for example,

they will work for a particular employer or live with a named individual. The Permit application process is relatively straightforward.

As the owner of an Open Market house, you may be named the “householder” for the purposes of the Population Management Law. As the householder, you will be issued an Open Market Resident Certificate. Your immediate and extended family will also be able to apply for a Permit, which will be conditional upon them living with you at the Open Market property.

If you are considering relocating to Guernsey, please email or call a member of the Ogier property team on gsy@ogierproperty.com or +44 1481 721672.

Relocating to Guernsey can be a fantastic opportunity for those seeking a change of pace, a new environment, and an idyllic island lifestyle. Guernsey benefits from a thriving finance industry, a strong economy, and excellent healthcare and education systems.

A

well maintained and smartly presented detached family home located at the end of a quiet private road on the outskirts of Town.

Hambleton House offers large bright rooms including a large sitting room, formal dining room and a lovely kitchen/breakfast room and snug area creating a great family space to both relax and entertain in. On the first floor there are four double bedrooms, the principal bedroom boasting an ensuite dressing room and bathroom. On the second floor is a large attic space which can be adapted to suit your personal requirements, whether it be an office, playroom or simply enjoy roof top views towards Sark. A lovely home in a central yet off road location, walking distance of St Peter Port business and financial centre.

Property details

Sitting room, dining room, snug, kitchen/ breakfast room, playroom/office, 4 bedrooms (1 with ensuite dressing room and bathroom), bathroom, shower room, separate wc. Garage, parking and gardens.

Hambleton House, The Close, Doyle Road, St Peter Port GY1

Hambleton House £1,200,000

2 Choisi, Les Gravees, St Peter Port GY1 1RP | £5,750,000

2 Choisi

An impressive Regency home.

This impressive Regency home offers elegantly proportioned beautifully presented accommodation. Well maintained and welcoming, the property boasts many original features, complemented by sympathetic modern additions which house the stunning kitchen and impressive study. The property offers in excess of 7,000 square feet of accommodation, including 7 double bedrooms, 6 reception rooms and numerous storage areas, including a wine cellar and workshop. There is ample parking, an enclosed lawned rear garden and a further one bedroomed detached local market cottage at the rear of the property.

Property details

Drawing room, morning room, dining room, kitchen/breakfast room, office, media room, games room, bedroom 1 with en suite dressing room and bathroom, 6 further bedrooms, 3 bathrooms, boot room, store, wine cellar, laundry room, workshop, 2 separate wcs.

£5,750,000

Apartment 2 Carrick House Price on application

This exquisite third floor apartment offers a stylish open plan kitchen/ living area opening on to two large balcony terraces boasting views out over Havelet Bay, Castel Cornet and the neighbouring Islands.

Apartment 2 offers two bedrooms, both of which have ensuite bath/shower rooms and dressing area with fitted wardrobes along with a useful utility cupboard and guest wc the property offers a total footprint of 2,100 sq ft (196 sq m) of opulent living whilst enjoying fabulous views.

There is allocated underground parking for two cars which is accessed through a secure gate, lift access to the upper floors from the main entrance hallway and a useful private store.

Property details

Open plan kitchen/living room with balcony, bedroom 1 with ensuite dressing room and bathroom, bedroom 2 with ensuite shower room – both share a balcony, utility, separate wc. Storeroom and underground parking for 2 cars.

Apartment 2 Carrick House, Havelet Waters, South Esplanade, St Peter Port GY1

Le Petit Jardin, Fort George

A fabulous home in a stunning and convenient location.

Situated on the lower lines of Fort George, boasting east coast sea and offshore island views, Le Petit Jardin is a fabulous home in a stunning and convenient location. The reverse plan accommodation has been thoughtfully renovated to maximise the panoramic sea views. The accommodation is well proportioned and includes a large open plan kitchen/living room with bi-folding doors opening onto the large balcony ideal for al fresco dining, entertaining or relaxing. There are three bedroom suites and a useful integral garage with utility area.

Property details

Open plan living room/kitchen, 3 bedrooms, all en suite and bedroom

1 with balcony, separate wc. Garage including utility area, garden and parking.

£3,200,000

Le Petit Jardin, 118 Ruette Irwin, Fort George, St Peter Port GY1 2SN | £3,200,000

HELLO MEGAN

Megan has joined the Open Market team having previously worked in Trust for the last 4 years, it was her work managing property portfolios which sparked her interest in the industry. “My aim was to spend more time in a client facing role as this is where my skills lie, I thrive working in a fast paced, dynamic environment. Cooper Brouard have provided a supportive, nurturing environment and my first month in this new role has been exciting.”

Megan has a straightforward, friendly approach and has wasted no time in getting out of the office meeting new and well-known clients. Looking to the future Megan is considering how we evolve to communicate with the newest generation of people relocating to Guernsey, bringing a fresh approach to how we market property and reaching out to the wealth of expertise on island to connect the right people and offer the best advice.

With her partner Harry and their two cats, Maverick & Goose, having not watched the famous film before naming them, live close to town. Megan enjoys barre, pilates and boxing as well as cocktail hour with girls on a Friday.

Megan Chipperfield Open Market Negotiator megan@cooperbrouard.com

House

A lovely period home offering 3 good double bedrooms on the first floor with a further two located on the second, an excellent sized sitting room with doors to the rear patio and garden and a charming dining room with feature fireplace.

The large rear garden is mainly lawned with attractive borders, kitchen garden and lean-to greenhouse. A great family home located in a much sought-after residential area between St Martin’s Village and St Peter Port town centre.

Property details

Sitting room, dining room, kitchen, utility, 5 bedrooms (1 with ensuite bathroom), 2 shower rooms, separate wc. Garage, parking, summer house and gardens.

Saffron House, La Route de Sausmarez, St Martin’s GY4 6SG | £1,750,000

Saffron

£1,750,000

Les Vardes Farm £1,950,000

An iconic property, just a stones’ throw from Grande Havre beach.

Cooper Brouard are delighted to present to the market, for the first time in over 30 years

Les Vardes Farm. Situated a stones’ throw from Grande Havre beach this iconic property was rebuilt in 1792 and the late Georgian features on the main house are plain to see.

For a period of time the property operated as a hotel and sits in a plot of over 7 and a half acres with numerous outbuildings to investigate.

The property requires full renovation and viewing is highly recommended to fully appreciate this exciting and unique project.

Les Vardes Farm, Route des Port Grat, Les Dicqs, St Sampson’s GY6 8JW | £1,950,000

Exquisitely

renovated property with 3.5 acres of land, detached garages, barn, and greenhouse in Alderney.

Welcome to this stunningly renovated property in Alderney. Situated on 3.5 acres of land, this home offers a seamless blend of modern luxury and natural beauty.

With two detached garages, a renovated barn, and a greenhouse, this property is a dream come true for those seeking both functionality and charm. Step inside and be captivatedby the spacious and light-filled interior. The open-concept layout creates a seamless flow between living spaces, while high-quality finishes and tasteful design elements add a touch of sophistication. Outside, the well-maintained grounds

provide a picturesque setting, with mature trees and lush greenery. The detached garages offer ample parking and storage space, while the renovated barn provides endless possibilities.

Additionally, the greenhouse is perfect for gardening enthusiasts. Conveniently located near the airport and the high street, this property combines tranquillity with accessibility.

Property details

Open plan living room, kitchen, utility, 4 bedrooms (2 ensuite), shower room, separate wc. Parking, 2 garages, versatile barn, domestic greenhouse, gardens and land.

La Frette Farm, The Blaye, Chemin du Meunier, Alderney GY9

La Frette Farm £2,250,000

Rock Bottom

A rare opportunity to purchase two bungalows both of which have superb sea views to Burhou Island and the English Channel.

The main bungalow is a comfortable, family home with extensive off-road parking, a conservatory and a kitchen garden. It has

an ensuite shower to the main bedroom and a family bathroom. Rock Bottom offers a versatile package for either multigenerational living or to provide a family with a business income.

The rear Annexe bungalow has a two bedroom holiday let business but also an interconnecting door to a self-contained one bedroom apartment which could be a larger holiday let or be left as separate accommodation for family and friends.

£870,000

The holiday let is sold furnished and complete and can generate between £600-£800 per week and has a very strong repeat client base.

There is a plot at the rear of the annexe which could easily accommodate a large workshop/garage, subject to planning permission, and an easy to maintain kitchen garden.

Property details

Main bungalow Lounge, conservatory, kitchen/dining room , 3 bedrooms (one with ensuite), bathroom.

Self catering unit Lounge, sun room, kitchen, 3 bedrooms, shower room. Exterior Garage, parking and gardens

IN ASSOCIATION WITH HAWKESFORD ALDERNEY

La Cloture de Bas also known as “The Barracks” was originally built in 1780 as barracks for the resident garrison it later provided accommodation for workers on the nearby former silver mine. Set within grounds of approximately ¾ acre The Barracks currently comprises a 3 bedroom main house , 1 bedroom staff/granny wing and a 2 bedroom guest cottage, outbuildings, 2 fields, garden and located on the south west of Little Sark enjoying superb uninterrupted views over the neighbouring countryside towards the coastlines of Jersey and France. Sark: peace, quiet, friendly people, fabulous scenery and wildlife, the darkest and clearest of night skies and favourable tax advantages.

Property details

The Barracks Dining room, sun room, sitting room, kitchen/breakfast room, 2 bedrooms (both with ensuites), bedroom 3/study and separate wc.

The Annexe Kitchen/living room, bedroom, bathroom.

The Cottage Kitchen/living room, conservatory, 2 bedrooms, bathroom and separate wc. Gardens, outbuildings

La Cloture de Bas £150,000

The last two years or so have seen an influx of relocators to the Island, attracted by the outstanding natural beauty of the Island coupled perhaps with no capital taxation and a low single rate of income tax. Perhaps the most significant change to the Guernsey tax system for some considerable time was the move to independent taxation of married couples e ective from 1 January 2023. Whilst a significant change the likely impact is perhaps summarised as the need for a further ten thousand or so personal tax returns to be both completed and processed and the possible doubling of the statutory tax caps that, before 1 January 2023, applied per couple.

The tax caps have been extremely well received by relocators as it gives absolute certainty in terms of total personal income tax exposure in Guernsey on a yearly basis.

The tax caps available by tax statute in Guernsey are:

• Open Market Cap of £50,000. Available for the first four years of Guernsey residence. Requires the purchase and occupation of an open market property within 12 months of tax residence. The purchase must generate minimum document duty of £50,000 (property cost of £1.4m).

• Foreign income tax cap of £150,000. This is for nonGuernsey source income only. Guernsey source income remains subject to 20% tax. Guernsey bank interest is not considered Guernsey source.

• Annual tax cap of £300,000. A global cap utilised by individuals with substantial Guernsey Source income.

• The “standard charge”. This is currently £40,000 per annum and is available by election in place of worldwide income disclosure, for those who are broadly, not full time tax resident on the island.

As well as the headline tax caps available, other significant tax incentives for a relocator that should not be overlooked may include:

• Ability to claim double tax relief in Guernsey for UK corporation tax paid, where shareholder control of the UK company is in Guernsey.

• Ability to receive UK dividends exempt from both UK and Guernsey taxation.

• Ability to receive UK pension income, potentially including a lifetime flexible draw down that is solely taxable in Guernsey.

• Ability to mitigate UK capital gains tax on gains made upon the disposal of certain UK assets.

There are many tax considerations a relocator might like to consider. The highly experienced and qualified tax team at LTS, who can advise upon all aspects of Guernsey and UK tax, would be delighted to hear from you.

Francis Snoding CTA Executive Director

DD: +44 (0)1481 755881

E: fran.snoding@lts-tax.com

Julian Turian ATT FMAAT Executive Director

DD: +44 (0)1481 743045

E: julian.turian@lts-tax.com

David Parrott CTA

Associate Director

DD: +44 (0)1481 743049

E: david.parrott@lts-tax.com

Katie Roberts CTA Manager

DD: +44 (0)1481 743087

E: katie.roberts@lts-tax.com

Switchboard: +44 (0)1481 755862

Email: taxenquiries@lts-tax.com or visit lts-tax.com

3 Carrick House £1,850,000

This exquisite third floor apartment offers a stylish open plan kitchen/living area opening on to two large balcony terraces boasting views out over Havelet Bay, Castel Cornet and the neighbouring Islands.

Apartment 3 offers two bedrooms, one of which has an ensuite shower room and a run of fitted wardrobes, and a further bathroom along with a useful utility cupboard offering a total footprint of 1,474 sq ft (136.9 sq m) of opulent living whilst enjoying fabulous views. There is allocated undercover parking for two cars which is accessed through a secure gate, lift access to the upper floors from the main entrance hallway and a private store. The property is available fully furnished – should you wish to discuss this point further, please do not hesitate to contact one of the open market team.

Property details

Open plan kitchen/living room with 2 balconies, 2 bedrooms (1 with ensuite shower room), bathroom, utility cupboard. Storeroom and underground parking for 2 cars.

Apartment 3 Carrick House, Havelet Waters, South Esplanade, St Peter Port GY1

The following pages showcase a few properties that are currently available. To learn more, visit www.cooperbrouard.com or call one of our Local Market team.

Local Market properties

The Barn

Modern and stylish barn conversion situated just in land between Perelle and Vazon Bay with amenities nearby.

The accommodation is laid out over two floors with a large kitchen/breakfast room ideal for family life looking out over the lawned garden. The three double bedrooms are serviced by two newly fitted shower room suites. Externally there is an attractive granite coin drive and patio with a garage/ workshop and lawned garden. Viewing is highly recommended to appreciate all there is on offer.

Property details

Lounge, kitchen/dining room, 3 bedrooms, bathroom, shower room. Garage, parking and gardens.

£935,000

Bring the heart of your home to life

Designed to meet the daily needs of the whole family, we’re passionate about creating a space that’s just right in style and functionality. We’ll guide you through every step of the way and advise you on the most effective layout, finishes and colours, using the latest in 3D virtual reality software.

We’re proud to offer the following in our showroom

• State of the art laser templating technology and traditional skills bringing luxury and timeless beauty to our kitchen worktops

• All the latest integrated appliances from leading manufacturers

• Quooker - ‘The tap that does it all.’ Hot, cold, boiling, filtered, chilled, still and sparkling.

 3 The Albany St. Peter Port Guernsey GY1 1AG

 32 Glategny Esplanade St. Peter Port Guernsey GY1 1WR

OUR SHOWROOMS

Petit Bijou

£795,000

A detached 3 bedroom bungalow situated inland from Les Houmets with lovely walks and beaches on the doorstep at Les Ammareurs.

This attractive bungalow offers a 31’ conservatory with access and outlook over the neatly presented low maintenance rear garden with summer house, plunge pool and raised sun terrace, ideal for al fresco dining.

To the front there is ample parking, single garage and a lawned garden.

Property details

Lounge/dining room, conservatory, kitchen, utility, 3 bedrooms, bathroom. Garage, parking and gardens with summerhouse and plunge pool.

Neuf Clos

Built in 1875, Neuf Clos has been lovingly maintained and offers well-proportioned accommodation, which would benefit from modernisation and upgrading but offers huge potential to the discerning buyer.

Set on a good-sized plot, the property benefits from a south/west facing vine house, lawned gardens, and ample parking The property lies in a much sought-after rural location mainly bounded by and overlooking agricultural land. Viewing highly recommended by Cooper Brouard.

Property details

Lounge, dining room/bedroom 3, kitchen, 2 further bedrooms, study, shower room, attic room, separate wc. Vine house, outbuildings, parking and gardens.

£995,000

Neuf Clos, Rue de la Neuve Maison, St Saviour’s GY7

Le Grand Port

Situated in a prime coastal location with panoramic sea views expanding towards the Hanois Lighthouse to the front and rural agricultural views to the rear.

This beautifully and immaculately presented three bedroom cavity built property offers more than first impressions may suggest. Alongside the property is a good size plot of agricultural land and currently used as the local boat park whilst to the rear is a lawned garden housing sizeable and exceptionally useful outbuildings.

A rare opportunity to acquire a beachside property with many added benefits.

Property details

Lounge, kitchen/living room, utility, 3 bedrooms (1 ensuite shower room), bathroom, separate wc. Parking, gardens, agricultural field and outbuildings.

£1,390,000

Le Grand Port, Route du Grand Port, St. Pierre Du Bois, GY7 9HN | £1,390,000

SAVE THE DATE

Among the 100+ high net worth lots available on the day will be Hermes™ scarves, luxury watches, exquisite ceramics and intriguing collectables ranging from coins and stamps, to vintage jewellery and Lego sets.

Kindly sponsored by Cooper Brouard, the auction will be held on Saturday 23rd September in The Harry Bound Room at Les Cotils, St Peter Port. The auction commences at 10am, with open viewing from 9am. Parking is available on site and entrance to the auction is free.

Full colour auction catalogues will be available for a small donation, and full details and a list of the auction lots will be released on Friday 8th September ahead of the event!

This very special auction is one of the many lifelines for the staff and service users at Les Bourgs Hospice - it’s

significance to all involved is truly unfathomable. Each successful bid goes directly to the Hospice, and the funds raised, help to support the incredible services supplied by the dedicated team that commit their time and experience to the care of islanders who need it most. Funds raised for the registered charity are used solely in providing hospice care and maintaining the facilities. Les Bourgs Hospice does not receive any States’ funding and needs to raise over £1.6 million per annum to continue to offer care to patients with life limiting disease and support their families.

If you wish to donate to the Les Bourgs Grand Charity Auction, please contact Catherine.boughay@lesbourgs.com Please note, auction prizes are subject to change. Save the date in your diary and we look forward to welcoming you on the day!

A trove of exceptional items, generously donated to Les Bourgs Hospice, have been locked away in readiness for the Les Bourgs Grand Charity Auction.

Left to right: Catherine Boughay, Enterprises Manager Les Bourgs Hospice & Auctioneer Trevor Cooper

Tabor Development Site

Two areas of land situated opposite each other along Le Feugre, just inland from the desirable Cobo Bay, standing on an elevated site with fantastic panoramic coastal views.

Development Site houses a timber-framed bungalow, due to its construction, the property needs demolishing.

Development Plot houses a double garage which , given the location within the Cobo Local Centre, there is great scope for development.

Any such schemes would be subject to the necessary planning permission being sought, although in general terms the policies within the Island Development Plan do allow for development on such sites.

£850,000

Tabor Plot

£550,000

In this digital age, it’s more common to hear stories of innovation through technology and how these innovations can be applied to a range of industries. It’s almost impossible to scroll through LinkedIn, your social feed or log on to a new website without some mention of Artificial Intelligence and the advances this is providing to businesses the world over.

With that in mind, I recently discovered TEKEX and attended one of their events. I listened to many inspiring presentations from a selection of entrepreneurs; with each speaker detailing their insights and presenting solutions to a range of business areas. Everything from fitness, marketing and buying insurance to the crewing of yachts. And many of these businesses were either being run, or invested in locally.

I was fascinated to find out more about TEKEX and what they are doing for the innovation space in Guernsey, so I sat down with co-founder, Tom Langford, to talk about the innovation industry in Guernsey, the role of TEKEX and how they are assisting entrepreneurs with mentorship and even funding for their revolutionary ideas.

“We’re looking for innovative people doing innovative things” said Tom as he explained more about the premise behind TEKEX. We want to help people to build connections that will help them either as an entrepreneur, who has an idea and wants to progress it further, or experienced business professionals who can help point them in the right direction through mentorship.”

What the TEKEX team realised is that there were three distinct groups – those who had great ideas, those who were apprehensive about getting started and those that simply did not know where to start.

“There are three main reasons people are nervous about getting started. Fear of failure, not believing that Guernsey is the right location for a technology business to scale, and that technology companies are drowned out by Finance businesses”.

It’s quite fascinating how much has been covered by TEKEX locally and the connections they have helped build. Across Guernsey and Jersey, the TEKEX team have supported start-up businesses raise £9,500,000 through various mediums. TEKEX 3 was their third event locally and it was a raging success and all seats sold. The Jersey branch, headed up by Ed Prow, have undertaken over twenty-five events now.

Outside of these presentations, a lot of success is accomplished behind the scenes in more intimate settings, such as lunch events which are hosted almost bi-monthly and sponsored by corporate partners.

Special consideration is given to the social and professional dynamics, so groups are curated ensuring the right people and experience complement each other. The entrepreneurs are provided with the exact experience they need to scale.

Whilst the finance industry in Guernsey is strong and offers a lot of opportunity, it’s important not sleep on the innovation sector that is quietly working away, coming up with amazing ideas and bringing them to the world stage from right here on Guernsey.

If you are interested in finding out more about TEKEX or attending one of their events, check out their website www.tekex.co or visit their LinkedIn page.

When we think about business in Guernsey, the loudest and most prominent voice is often found to be the Finance industry and for good reason; it is Guernsey’s largest employment sector and most of us have experience or ties to the industry through family or friendship.

“We’re looking for innovative people doing innovative things”

£797,000

Although the property could benefit from modernisation it has been well maintained throughout and provides great scope to extend the accommodation.

Externally there is a large garden with timber summerhouse, block-built store and ample parking to the front.

Property details

Lounge, kitchen/dining room, conservatory 2 bedrooms, study, bathroom, separate wc. Parking and gardens.

Carisan, Rue des Marais, St Pierre du Bois. GY7

This detached bungalow is located in a sought-after position just inland from L’Eree Bay.

Carisan

8 uniquely stylish apartments From £425,000

The transformation of the Torteval Methodist Church  to Chapelle du Vallon is nearly complete. Having recognised the need to merge congregations, the decision was made to apply to convert the chapel and hall into Local market residential units. Local architects CDD designed and sought the permissions we see evolving today, eight unique selfcontained apartments offering one, two and three bedrooms.

Seven years after the last service was held the building will come back to life as welcome homes for eight households.

The new development has generated a tremendous amount of interest from former worshippers, Torteval locals and buyers; the iconic building and quiet rural location are proving irresistible and five units have already been snapped up in the first wave of marketing.

50% UNDER OFFER WITH COOPER BROUARD

£1,200,000

This spacious, detached home offers great accommodation with good sized reception rooms and up to 5 bedrooms with scope to create an attached annexe.

Krysida is set back off the road behind double wooden gates with an attractive rural outlook over neighbouring agricultural fields. There is ample parking on the driveway, a double integrated garage and beautifully landscaped south and west facing gardens.

The property has been well maintained and is presented in immaculate order throughout.

Property details

Lounge, dining room, conservatory, kitchen/breakfast room, utility, boot room, 5 bedrooms (2 with ensuite bath/shower and 1 with ensuite wc), shower room. Garage, parking and landscaped gardens.

Krysida

Krysida, La Route des Longs Camps, St Sampson’s. GY2 4UG | £1,200,000

MADE TO MEASURE MORTGAGES TAILORED TO SUIT YOU

MULTIPLE SOURCE INCOME, HIGH NET WORTH MORTGAGES

When it comes to high net worth mortgages one size does not fit all.

Most high street lenders do not cater for complex, varied or multiple income streams, so buying your new home may need a more tailored approach.

Using established relationships with specialist lenders and a wealth of knowledge and experience in providing multi-source income verification,

SPF can secure highly competitive mortgages for anyone in, or looking to move to Guernsey, providing bespoke and interest only options.

We can even factor in other properties, stock portfolios or personal pensions to provide the required level of funding in the most cost efficient structure.

For a bespoke approach to securing your new home or investment property, call us on 01481 715234.

This detached 1960’s bungalow with garage, 30’ domestic greenhouse, and two substantial outbuildings stands on a lovely large plot of three quarters of an acre.

Though well maintained the bungalow is somewhat dated, but given its excellent location on the St Martin’s/St Andrews borders and lovely gardens and associated outbuildings the property offers excellent potential to the buyer.

Property details

Entrance hall, lounge/dining room, kitchen, utility/rear porch, 5 bedrooms, 1 bedroom, separate wc. Garage, parking and extensive gardens.

Amethyst Cottage, La Planque Lane, St Martin’s GY4 6TH | £1,125,000

Amethyst Cottage £1,125,000

La Mouettes

Situated in quiet lanes close to Saumarez Park and Cobo Bay, this detached property offers up to 5 bedrooms and excellent living space that will appeal to large or multi-generational families.

The property has a private, south facing rear garden with far reaching rural outlook, substantial domestic greenhouse and the benefit of good parking and single garage.

A spacious and adaptable home in a lovely location.

Property details

Lounge, dining room, sun room, kitchen, utility, study, 5 bedrooms (1 with ensuite dressing room and shower room), bathroom, separate wc. Garage, parking and gardens.

Les Mouettes, Ruette des Emrais, Castel. GY5 7YD | £945,000

£1,295,000

This spacious five bedroom Victorian house offers accommodation of excellent proportion, with high ceilings and many original period features.

The property is in the highly desirable and convenient Kings Road, close to town, schools, and business centre, the property is offered in excellent condition and has good parking and an attractive large, enclosed garden.

Viewing highly recommended by Cooper Brouard.

Property details

Lounge, dining room, kitchen/ breakfast room, sun room/utility, 5 bedrooms (1 ensuite), 2 shower room, bathroom, separate wc. Parking and gardens.

One such innovative solution that has emerged is Crewdentials; a groundbreaking platform aiming to revolutionize the management of seafarer credentials.

Founded in 2020, Crewdentials represents the culmination of years of contemplation and a resolute decision to venture into uncharted territory.

The inception of Crewdentials sprouted from the firsthand experiences of its founders Dan Armsden, Ellen Armsden and James Benns, who encountered the arduous challenges associated with handling seafarer credentials from both the crew and business perspectives.

The frustration of repeatedly entering the same information into multiple systems and the constant chase for missing data reached a tipping point.

It became clear that a paradigm shift was necessary. Thus, the vision of Crewdentials was born - a model that places data control back into the hands of the crew, empowering them to choose who accesses their information while keeping it up-to-date in one centralized location.

Crewdentials primary objective is to alleviate the burden of administrative tasks and improve compliance for both seafarers and businesses. Recognizing the perpetual ‘busy-ness’ that engulfs professionals in the field, Crewdentials advocates for the integration of technology that diminishes pain points and fosters collaboration within the industry.

Embarking on the adventure of starting their own company, the founders

discovered the unparalleled joy of unrestricted exploration. And liberated from the confines of traditional employment, the team set their sights on the moon and began to nurture an environment that champions influence, trust, and flexibility. This commitment to cultivating a modern company culture ultimately yields superior output for the business. Yet, the early stages of their entrepreneurial expedition were not without hurdles. In the bootstrap phase, they found themselves navigating various domains, mastering multiple disciplines essential to the success of their venture. From acquiring website development skills to managing social media channels, team emails, and bookkeeping, the initial months were consumed by a relentless pursuit of knowledge and expertise.

Challenges specific to their business model came to light early on. The team realized that revolutionizing an entire industry necessitates collaboration and buy-in from all stakeholders.

Rather than positioning themselves as competitors to existing software companies, their aim is to be regarded as collaborators and partners who enhance the functionality of current products. The focal point of their

expertise lies in seafarer credentials, offering businesses a trusted partnership for the collation, handling, management, and verification of these crucial records.

To budding entrepreneurs venturing into the maritime industry, the team at Crewdentials imparts invaluable advice. They emphasize the significance of outsourcing initial administrative tasks, such as website development, email setup, and bookkeeping, to focus on core business activities.

Looking towards the future, Crewdentials envisions continued growth and recognition within the maritime industry. Over the past few years, they have dedicated their efforts to collaborating with early adopters and forging strategic partnerships with like-minded software companies and maritime businesses. These alliances have already extended their reach to approximately 50,000 vessels across commercial and yachting sectors. With an unwavering commitment to trust, integrity, and approachability, Crewdentials aims to become a household name, revolutionizing the way maritime credentials are managed and establishing a legacy of innovation within the sector.

In the ever-evolving world of maritime operations, innovation is crucial to streamline processes and enhance efficiency.

Lovely, detached home on an excellent one-acre site with extensive gardens, ample parking and useful outbuilding.

The property is situated in a quiet lane within walking distance of west coast beaches at Port Grat, Le Picquerel and close to L’Islet Village.

The original 1950’s property has been extended and upgraded and now offers a good range of accommodation including a large kitchen overlooking the gardens.

Property details

Lounge, kitchen/dining room, utility, 5 bedrooms, bathroom, shower room, separate wc. Outbilding, parking and gardens.

Maple Leaves £1,095,000

Acres of expertise

Last year Cooper Brouard assisted with the sale of approximately 35 acres of land. That’s nearly 20 full-size football pitches. Or 9 cricket fields. Or 113 Olympic swimming pools.

Agricultural land makes up half of our island and as the importance of wilding and offsetting our carbon footprint grows we have seen an increase in those wanting to create a quiet space they can transform with wild flowers and orchards, farms looking to expand their crops and livestock or those looking to own the adjoining land to their home. Whatever the size, Cooper Brouard has the specialist experience to assist you with the sale or acquisition of land in Guernsey.

cooperbrouard.com

Lettings and management

The Letting and Management team are constantly on the look out for good rental properties. If you are interested in letting your home or have a rental property that will shortly be coming to the market, we would be delighted to view your property without obligation to discuss its letting potential and provide you with a rental valuation. Please contact one of the team on 236039 or email enq@cooperbrouard.com

With you every step of the way

With the largest and most experienced property team in Guernsey, we can guide you smoothly through the process of buying or selling your home in the Bailiwick.

We can also help you with planning and construction issues, housing applications and relocating to the Islands.

SERVICES

⁄ Sales and acquisitions

⁄ Conveyancing

⁄ Leases

⁄ Planning advice

⁄ Relocation

PROPERTY LAW SPECIALISTS

⁄ Re-vesting real property

⁄ Joint buyer/venture agreements

⁄ Property development financing

⁄ Commercial property

⁄ Wills and probate

To discuss your requirements, please contact one of the partners listed below:

Jason Morgan Partner

D +44 (0)1481 741563

E jason.morgan@careyolsen.com

Davey Le Marquand Partner

D +44 (0)1481 732009

E davey.lemarquand@careyolsen.com

Cooper Brouard Estate Agents

The Old Post La Grande Rue St Martin’s Guernsey GY4 6RR

t +44 1481 236039

e enq@cooperbrouard.com w www.cooperbrouard.com

The prices of properties featured for sale and to let in this publication are believed to be correct at the time of going to press. All negotiations are to be conducted through Cooper Brouard. We understand the property details to be correct but we do not guarantee their accuracy nor do they form part of any contract. Any internal photographs are intended as a guide only and it should not be assumed that any of the furniture/fittings are included in any sale or letting.

Whilst every particular care has been taken by the publisher and its agents to ensure that each part of Guernsey Property is comprehensive and accurate, they cannot be held responsible for any errors or omissions or the results thereof. The opinions herein are those of the authors or persons interviewed only and do not reflect the views of Cooper Brouard or the publisher. No part of this publication may be reproduced without prior authorisation from the publisher.