Property sales stay strong during August

Since lockdown eased, the housing market has been moving quickly and last month continued that trend.

There were 164 conveyances in August, which included boundary changes.

Of these 84 were for local market houses and 25 were for local market flats – both the highest figures for those sectors in 2020 so far.

There were also six open market sales, two of which were the most expensive purchases of the month.

Les Gouies Manor, at La Vassalerie Road in St Andrew’s, was sold for £4.38m., while a newly-built two-bedroom flat on the former Guernsey Brewery site – Havelet Waters – sold for £2.5m.

The most expensive local market sale of the month was Ocean View on Rue du Rocher in Torteval, which sold for just under £1.9m.*

Another expensive purchase was 29 parking spaces in the Royal Terrace development on Glategny Esplanade. They went for £725,000.

At the other end of the scale, a derelict lavatory in Commercial Road in St Sampson’s sold for £1.

Lloyds was the biggest lender last month, as the bank has been so far this year.

The bank has issued 164 bonds so far this year – totalling nearly £60m. – of which 42 were last month.

In total, banks issued 84 bonds last month, totalling more than £34m.

So far this year there have been 668 conveyances, compared with 725 at this point in 2019.

*This figure was originally incorrectly put at £1.4m. We apologise for the error.