Guernsey house prices rise nearly 20% in a year
- Published
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, external.
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.
The average purchase price of property has risen by over £88,000 in 12 months
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