States sell-off to ‘offer a foot on property ladder’

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Committee president Deputy Terry Le Main said by selling homes for as little as £160,000 they would be able to target single earner families and ex-pat Islanders who are deterred from returning home because of Jersey’s high property costs.

They intend to set their plans in motion at Le Squez and Le Marais.

The St Clement estates are currently undergoing a multi-million pound redevelopment.’We intend the refurbished homes at Le Squez to sell for around £160,000 because in the past we have not catered for the single earners with two or three children, the people who have never been able to buy a home.

We also want to cater for Jersey people who want to come home to the Island and £200,000 is too much for them to pay for a house.The St Helier Deputy said once these two estates had been refurbished Housing would turn their attention to other estates to see where further sales could be made.

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