Saturday, 22nd November 2008

News from the Jersey Evening Post

New homes at 35% discount

By Harry McRandle

ew__00534294_cropped.jpgPROPOSALS that will allow families to buy a new house at a discounted price were unveiled today.

If the States approve the Jersey Homebuy scheme devised by Environment Minister Freddie Cohen, a percentage of new homes on all first-time buyer sites will be reserved for people buying through the scheme. From today, people can register their details to apply to be able to buy a house for 65 per cent of full market value.

It is expected that with rocketing property prices there will be a clamour from Islanders desperate to find a way on to the ladder. It was announced today that the average price of a three-bedroom house sold in the first quarter of 2008 was £510,000.

Jersey Homebuy is similar to the shared equity scheme that Senator Cohen promised as an election pledge. First-time buyers who believe that they will qualify are being asked to write to Jersey Homebuy Registration c/o the Housing department.

Article posted on 21st May, 2008 - 2.56pm

Have your say on 'New homes at 35% discount', comment below

Subscriptions

The Jersey Evening Post provides daily in-depth coverage of life in the Island. Subscribe here or find out about home deliveries service here. View a demo and subscribe to our online edition here.

Article filed under: News, Property

Other Articles

« Kinnard demands inquiry into police information
Moscow here we come! »
mycar.je 468
Alvin's Hot Stuff PizzaGetting Around 230
HouseFinder 468

Post a Comment on this Article

Your email address is never published nor shared. Required fields are marked *

*
*

Disclaimer: This comment area is moderated by the Jersey Evening Post, which aims to create a valuable forum for the expression of views by all who have an interest in Jersey. Contributors are expected to respect the opinions of others and all submissions may be edited. In particular, our policy is not to allow defamatory, gratuitously offensive, factually inaccurate or self-promotional statements to be posted. The moderators will not enter into e-mail correspondence about the editing of individual submissions.

You Say: View all recent comments.

If you wish to make a comment about this website, please use our feedback form.