House prices go up – but deposit loans on the way
Thursday 15th November 2012, 2:00PM GMT.
ISLANDERS struggling to get a foot on the property ladder could soon receive help from the States after ministers announced they were weeks away from unveiling a new deposit loan scheme.
Treasury Minister Philip Ozouf has revealed that he and Housing Minister Andrew Green were currently ‘putting the final touches’ to plans to help as many Islanders as possible achieve their dream of buying their own home.
His announcement came following a briefing on the latest Jersey House Price Index out today which shows that house prices have returned to a similar level as a year ago with the average price of a property in the third quarter of this year £403,000.
The index, which is compiled by the States Statistics Unit using details of homes purchased during a given period, showed that during July to September prices were around one per cent below last year’s average and almost one per cent higher than at the same time last year.