Interest falls in prime properties

Monday 30th June 2008, 3:00PM BST.

THE number of people interested in buying prime Jersey properties has dropped, according to international estate agents Knight Frank.

And buyers at the lower end of the housing market are struggling to get loans, say specialists.

Knight Frank is currently marketing three key locations including Radier Manor (pictured), which is on the market for £12.5 million, and the island of Herm, which is available on a 40-year lease for £15 million. Another Jersey property, Oaklands, is on the market for £7 million.

At a seminar organised by Citi Private Bank last week a representative of Knight Frank said that Radier Manor had been under offer but the deal had fallen through. He said that some interest had been shown by people currently based in the UK, but that viewing numbers in Jersey were ‘generally down’, mirroring the trend in the UK property market.