Rental property demand higher than ever

News

The last year has presented some incredibly testing times, unparalleled in post-war times, but Guernsey’s unwavering community spirit, all of the wonderful critical workers and concise direction from our government, has placed the island in a strong position for the year ahead.

The property market as a whole was incredibly busy throughout 2020, rentals being no exception. As a result of the global pandemic, there has been new interest in the island from people further afield actively seeking a better quality of life for their families, whilst our own lockdown earlier in the year had many people re-evaluate their situation to find alternative accommodation. The upshot means rental properties have been in high demand and prices have steadily increased. Promisingly, the end of 2020 showed no sign of the situation changing or slowing in 2021.

Swoffers’ continuing digital investment in its website, online portals and various marketing material both national and international, has given us a strong presence in the market place. We continue to be the go-to agents for those wanting to buy, sell or rent homes in Guernsey.

Landlords should be aware that from January 2021 all local organisations/businesses/sole-traders (and all other entities established in the Bailiwick) who are doing anything with personal data are legally required to register with the Office of the Data Protection Authority (ODPA), and pay an annual fee. If we fully manage your property and thus you have no direct contact with your tenant/s, we act as the Data Controller and pay the annual fee, therefore no further action is required from you. If you do have direct contact with your tenant/s and have not already registered and paid your fee, please use this helpful link in order to do so: www.odpa.gg/2021.

Please feel free to contact us with any queries you may have on 01481 721757 or rentals@swoffers.co.uk.

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You also need to factor in legal fees, court, Greffe, registration and bond fees which are variable depending on the size, nature and complexity of the purchase. *Properties purchased that are not utilised as a primary residence will incur an additional 2% document duty.

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