Long, hopeless wait for a home
Monday 3rd December 2012, 3:00PM GMT.
THOUSANDS of Islanders are stuck in housing limbo as they cannot afford to buy a home that adequately meets their needs, according to a new report from the States Statistics Unit.
The report revealed that in the next three years, families will struggle to move into homes that are big enough to accommodate them, while first-time buyers will not be able to afford to get on the first rung of the property ladder.
The Jersey Housing Assessment confirms the long-held belief that affordability is a crucial issue for Islanders, with nearly 1,500 households facing the frustration of not being able to get on, or move up, the ladder.
There are more than 1,000 private-sector homes required in order to meet Jersey’s short-term housing requirements, according to the report.