Capping rent increases to match the rising cost of living, and a ban for some islanders buying homes to let out are two of the measures the Jersey government is considering to tackle the lack of housing affordability.
The plans were revealed in response to an online petition demanding a rent cap hitting more than 3,000 signatures - the level needed to trigger a statement.
Housing Minister Sam Mezac posted a...Read more
Jersey buy to let landlords will have to provide homes that meet minimum letting standards when new rules come into force from October 1.
The strict new rules tighten up the buy to let market on the island.
From October 1, landlords must have accreditation for listing on a States approved online database. Any landlords that gain fewer than three stars will be removed from the database.
Minimum letting standards will follow decent home rules in force across the rest of ...Read more
Rent controls are needed to tackle ineffective housing policy in Jersey, a leading politician has claimed.
With wages lagging behind inflation, the spending power of islanders is less than it was a year ago, as the cost of housing continues to outstrip rising prices.
The average pay rise during the past 12 months was 3.5% - but inflation is ahead at 4.5%, stoked by higher fuel prices and increasing housing costs.
For islanders housing costs have increased by 6% since J...Read more
Wealthy incomers are ready to pay rents of up to £12,500 a month for luxury homes in Jersey.
Estate agents say the number of wealthy individuals looking for prestigious homes on the island is increasing - up from 119 in 2016 to 151 last year.
One agent - Bradley Vowden, a partner at Gaudin & Co – reports that he has eight prospective tenants prepared to pay six-figure rents while they look to buy or build a home on the island.
And although incomers can only own ...Read more
Following the launch last year of the Rent Safe accreditation scheme, designed to assure tenants that landlords meet States’ standards, the scheme is now being extended to include managing agents and letting agents. The scheme, which grades landlords on the quality of the property they are letting out, publishes ratings from three to five stars on the gov.je website.
...Read moreA new law designed to establish basic standards for rental housing in Jersey has moved another step towards becoming a reality. Environment Minister John Young has lodged proposals for an appointed-day act to be passed. The act will be brought before the States on 11 September and will come into effect on 1 October if approved.
The legislation, the principles of which were passed unanimously by the States last year, will set new minimum standards for property let out to tenants on the...Read more
Jersey is facing a housing crisis as even the smallest family homes are unaffordable for workers on average wages, according to a new official report.
House prices on the island have soared in recent years.
Buyers can expect to pay £525,000 for a three-bedroom home and £755,000 for a property with four bedrooms.
The study Housing Affordability in Jersey 2017 ...Read more
Suzy Hershman, Head of Dispute Resolution at mydeposits and Arezu Khoshnevissan, mydeposits Business Development Team Manager, visited Jersey early last month to host a workshop for 20 Jersey-based letting agents. It was a great opportunity to share experiences and for us to get your feedback on the issues that matter most to you in Jersey.
