July has continued the ‘slow but steady’ progress of previous months, with the usual tail off in the last week as the summer holidays kick in and enjoying the weather, rather than buying property, is on the mind of most people.
We’ve seen a definite up-tick in offers in the Local Market this month. The fact that the States of Guernsey house price inflation figures turned negative in May might have had something to do with the sudden movement.
May has been a busy and successful month for our sales departments with a steady stream of sales and new instructions . Sales in Q1 at our office have been higher than 2014 – so we must be doing something right as the gov.gg housing statistics show a drop in the level of Local Market transactions to a record low, as well as a slight drop in values.
April has seen a definite uptick in viewings and general activity. Possibly caused by the better weather but probably more likely due to the raft of price reductions over the last couple of months which have sparked offers and in many cases led to agreed sales.
On the 27th March Martel Maides attended a seminar presented by Shelaine Green and Tony Yates from the Guernsey Disability Alliance which discussed the current developments affecting disability access in Guernsey.
The marketing of the former Slaughter House has been taken to the next stage following the invitation for all interested parties to submit firm bids to estate agents Martel Maides by the end of January.
One of the interesting features of the island’s unique two tier housing system lies in watching the respective fortunes of the Local and Open Markets and how the dynamics of both can be affected by their interaction