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 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

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.

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.