12 September 2006
17 August 2005
The Finance and Economics Committee has welcomed the latest quarterly report on Jersey’s House Price Index, which is published today by the States Statistics Unit. The figures indicate stability in the current housing market, both in terms of price and availability of property, explained Senator Philip Ozouf, Vice-President of F&E.
The Senator, who is also President of Environment and Public Services, the Committee with responsibility for housing planning, said: “Addressing disparity in housing market has been a major focus of States work in recent years. Achieving affordability right across all housing sectors is an important policy objective for the States. Today’s figures show that the policies we have put in place are working and we are seeing stable prices recorded for both houses and flats.
“However, it is not only housing price that we are monitoring. Importantly, there has also been a steady turnover of property in the last quarter’s transactions, and this indicates success in our policies to make housing available in sufficient quantities for Island residents. All available data shows that the housing market is in reasonable health and that, in the main, purchasers are able to acquire the type of property they need while vendors are able to sell their property in a manner that enables them to continue to climb the ladder.”
ENDS
For more information: Senator Philip Ozouf, Finance and Economics Vice-President. Tel 07797 713838
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