Savills News

Have your property questions answered at Savills Guernsey Future Home Event

There will be a chance to ask about potential home renovations, eco-friendly upgrades and property valuations at a special drop-in session hosted by Savills Guernsey.

Together with experts form architectural practice The Drawing Room and renewables firm The Little Green Energy Company, agents will be on hand to offer advice and guidance.  

The Future Home Event is being held between 9am and 1pm on Saturday, 14 September at the Savills offices in Royal Terrace.

There will be an opportunity to learn more about renewable energy installations such as solar panels and air source heat pumps, speak to architectural specialists and enquire about having your home valued.

Nick Paluch, director in the residential sales team at Savills Guernsey, said: “For the last 18 months or so buyers and sellers have been more cautious – understandably concerned about the increase in interest rates and rise in the cost of living.

"However, we’re now starting to see more activity and it’s natural that people may have a few questions about what might lie ahead. Refreshments will be provided and we will be open throughout the morning, so do come along and say hello.

“The positive news is the market is showing signs of renewed confidence. A new government in the UK should also lead to greater stability – especially in the Open Market – while the Bank of England’s recent cut to the base rate may also add fresh impetus.

"There could also be a knock on effect from changes that will see UK ‘non doms’ paying more tax from April next year – potentially making jurisdictions with benign tax environments such as Guernsey more attractive for some buyers. To some extent that has already been happening, with several new buyers registering their interest and deals agreed.

“Of course, it will take time for increased activity to translate into completed sales, but underlying sentiment is strong. Despite some short term fluctuations, property prices over the long term are also relatively stable. Buyers are still having to align their expectations with what they can afford, so sellers need to remain realistic on price, but activity is starting to gather pace.”

 

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