Guernsey’s latest Housing Stock figures

17th March 2014

The latest Guernsey Housing Stock Bulletin has been released by the States Policy Council.

The report shows that at the end of 2013 there were a total of 26,372 residential units in Guernsey, including 1,588 registered on Part ‘A’ of the Open Market.

Approximately 75% of these are houses or bungalows and slightly fewer than 25% are apartments – the remaining 1% being other types of domestic units.

Approximately 60% of the total are owner occupied, 27.5% are rented and 8% are social housing or partially owned units.

Misinterpreted by factions of the media is the number of new units created. The local government’s aim is to create at least 300 new homes each year. The report reveals that 241 new units were created, with 70 existing properties being removed. The net balance of 171 new units makes the headlines when in fact the land mass of new building is 40% greater than that.

The number of Local Market units has increased by 2.5% since 2010 and the number of Open Market units has decreased by 0.9% during the same period. Parts of the media have expressed surprise at this, perhaps overlooking that the Open Market register remains static by regulation, and that some Open Market units have been reclassified as Local Market in exchange for the creation of Open Market units in some of the new developments currently under construction.