/ Author: SPF

Our MD, Pierre Blampied, was asked by BBC Radio Guernsey for his expert opinion on the buoyant housing market on the island, and why there was such a significant level of transactions in 2020.

He agreed that “The market was staggeringly busy..” and concluded that it was down to a combination of factors. People not liking the property they were living in through lockdown was one, but lower interest rates also played their part. With some islanders discovering that they could pay a lower monthly amount on a mortgage than they would do on rent.

In addition, the way Guernsey has handled the crisis has led to people wanting to come over to the island. Pierre comments, “We have even seen people intending to retire here come here early because they can continue to do their job from Guernsey, without any impacts. We are seeing some of our clients making offers without even viewing the property personally, just via video camera.”

Despite the year that was 2020, the Guernsey property market has been in great shape and remains pleasingly buoyant. Lenders are very keen to lend, so the appetite is there, and hopefully that will continue this year”.

Anyone considering buying a property should be thinking about getting finance in place to ensure they can move quickly to secure the home they want.

Click here and head to 1:10:20 to listen to the discussion in full.

Give us a call on 01481 715234 or email [email protected] to find out more.