Investment property purchases (FOI)

Request

Whilst Interest Rates remain extraordinarily low due to Covid-19 economic uncertainty, and at the same time local Estate Agents are therefore advertising one and two bedroom flats as shrewd investments to potential capital investors.

From the Jersey Land Registry please list how many people or nominee companies currently own second homes or more in Jersey in order to supplement their income?

Response

Contracts for sale of property in Jersey are lodged and publicly available in the Public Registry at the Judicial Greffe: please note this is a register of contracts not a land registry.

It is not clear that a land registry would in any case record whether a purchase was for an additional home or whether the purpose of the purchase was to supplement the buyer’s income. However, the Public Registry does not hold the information which would allow this question to be answered therefore we have no records to supply in response to this request.