“Is Jersey property still a good investment?”
10th May 2016
... Comments

I think Jersey Property is a better investment now than it has ever been. The reasons for that are as follows;

  1. The base rate is at an all time low and will remain low for a long time. It’s cheaper to borrow money now than it ever has been and there is a great choice of mortgages to choose from. It is usually cheaper to buy than rent.
  2. The expected return on a commercial investment is between 7 to 9 % and residential is around 5%. Again a far better return than most low risk investments can offer.
  3. It’s a very low risk investment, throughout the recession there have been very few repossessions and negative equity situations. The property market slowed but was steady and is picking up. People very rarely lose on property in Jersey and there is always some capital appreciation over time.
  4. Jersey is a fantastic place to live and conduct business in. There is limited space for residential and commercial units so the demand will always outstrip the supply. Rental demand is very high and residential lettings need more stock desperately, properties fill quickly.
  5. The professionals involved in property in Jersey e.g. Lawyers, IFA’s, Estate Agents and developers have a great wealth and knowledge of the local market.

I don’t believe there is a better investment in Jersey than property, in the short term it provides good returns, your capital is secure and should increase in the long term.

If you wish to contact Paul with regards to Jersey property investment you can email him at pscally@lgl.je

 

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Kevin S

Member since: 9th July 2012

Hello and welcome to thebestof Jersey blog, I hope that both locals and visitors to the island will become involved. Please let us know about local businesses that go that extra mile and about things...

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