Le Main wants 10 years

[lara.luke]

I think they are dropping it so Dandara have a chance of selling properties before everything goes to pot. Doesn't the States get some sort of percentage of sales or property on each new build? I still can't think of why anyone would want to buy a house built on a marsh.

My dad came over here in 1970 and he is Italian. Did housing help any 'outsiders' then - no not all. My dad still believes if you go to live in another country, you abide by their rules, live their way of life, learn to speak their language and not to expect to receive or demand to receive benefits of any kind from your new home. They bought a house, restaurant etc...

[Fritz]

If house prices drop due to the, "Credit crunch", so be it. They will eventually level off at their true market value.
This will help people get on the property ladder and discourage speculators.

Houses should be bought to live in, not as a get rich quick investment.
If people bought houses to live in, it wouldn,t matter how much they increased/decreased in value, they would still be living in their house.

There are enough starter flats/apartments to satisfy the current market (as price-drops confirm).
What is needed now is the construction of affordable, "Second-time buyer", two or three bedroom houses.
The second time buyer sells to the first time buyer. Pretty simple if our government were really concerned about the needs of the general public.

It would seem that the government, to date, is more concerned about the welfare of our poor property developers.

[Chief Minister]

House prices are dropping, no doubts about it.  But they dropped back in 2004 and nobody said anything.  Whenever there is a hint of negative equity in Jersey, people usually just clam up.

[the 13th parish]

has anyone any prove or examples of prices going down ??

[Fritz]

Just drive around and count how many, "For Sale", signs you see, and how long they remain.
Prices are coming down, Its just taking the vendors a bit of time to accept the fact.

[Ashley]

has anyone any prove or examples of prices going down ??

My friend, who works for Dandara, recently sold her flat for less than she originally put it on the mkt for. She had to make the choice to offer it at a lower price in order to sell it.

[Chief Minister]

Proof is in the number of transactions in the Royal Court, which have dropped substantially lately.

[danrok]

There's some price stats here:
http://www.gov.je/ChiefMinister/Statistics/RPI+and+House+Prices/HousePrices/

Due to be updated 11th of Feb.

[boatyboy]

Housing Minister Terry Le Main is on record several times with a view to helping first time buyers. I decided to have another look at Mondays Jep item.

Quote

HOUSING Minister Terry Le Main is to press on with plans to reduce the wait for housing qualifications by another two years, despite objections from some of his political colleagues.

Last month Senator Le Main told the JEP that he intended to ask the States to bring down the wait for housing qualifications from 12 to ten years. He believes that the time is right to consider reducing the wait for ‘qualies’ because the housing market has slowed dramatically over the last few months.

Have you spotted the statement, the housing market has slowed  dramatically !

So no more spin, property confirmed as not selling,although the developers are building like there is no tomorrow. It follows as sure as eggs are eggs that prices are dropping. This has to be of benefit to those trying to secure their own home or move up leaving cheaper property behind.

Terry Le Main is either missing the point completely or has a hidden agenda, because the last thing any minister who is really trying to help his electorate would do is to interfere, and give the developers a boost which is  what would happen if housing qualies were dropped to ten years. Something is begining to smell pretty bad here. Just as well the fall back position is the whole assembly voting against a man who seems to have lost his way.  Very strange !


Boatyboy

[rico sorda]

Boatboy

All very true but do you have faith in the assembly i don't.. It was the assembly that voted that loon back in...
Dandara must be in the marsh at the moment.

ps i see the waterfront is back not had a chance to read it yet its in the JEP

[Chevalier Blanc]

Yes 10 years in prison would just about suit our terry le main.

[Fritz]

I,m sure a few character references from his ,"Friends",(promising that they will keep him in employment), would ensure that he never serves a sentence if he were convicted of any wrong-doing.

Its worked in the past. (Not for ,"El Tel", but certainly for some ,"Friends").