'Rental costs doubled in our 10-month absence'
Summary
A family returning to Guernsey after living in Australia found that rental prices had doubled during their 10-month absence. They struggled to find a suitable rental home within their budget, leading them to buy a house that needed fixing. They managed this by working extra hours and making financial sacrifices.Key Facts
- Tom Pinsard and his family returned to Guernsey from Australia in June 2023 after his wife was in a car accident.
- The family noticed rental prices had doubled in under a year, from £1,300 to £2,600 per month for a two-bedroom home.
- Their initial rental home upon return was not livable, making it hard to find another affordable place.
- According to a Guernsey government report, average local rental prices rose to £2,068 per month by early 2025.
- This increase is 1.5% more than the last quarter, 8.2% more than a year prior, and 51.7% more over five years.
- The family bought a house that needed repairs by working extra hours; Mrs. Pinsard took on extra hospital shifts, and Mr. Pinsard ran a side business.
- They expressed that balancing extra work with family time was challenging.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.