As one of the most recognised estate agents in Jersey, we are proud to offer you all aspects of property services. From selling your home and buying a new one, to managing your property portfolio to finding you a 6 month let, we are confident that we will be able to find you exactly what you need.

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News

 

 

 

Interest Rates Start to Rise

 

(The Mortgage Shop Plus - 30th January 2012)

Affordable Homes "not a pipedream"

http://www.channelonline.tv/channelonline_jerseynews/displayarticle.asp?id=497889

(Channelonline.tv - 23rd January 2012)

Information about the new Law to protect Tenants deposits

http://www.channelonline.tv/channelonline_jerseynews/DisplayArticle.asp?ID=497534

Jersey Heat Loss Map!

See how much heat your home gives off

http://www.channelonline.tv/channelonline_jerseynews/displayarticle.asp?id=497224

Mortgage Rates

New Mortgage Rates Available! Click the link: http://www.mortgageshop.je/

Housing Qualifications

Useful Information regarding Housing Qualifications:

http://www.jerseyhomefinder.co.uk/faqs/housing-regulations/

National Trust of Jersey's Open Day!

Saturday 10th September 2011 is the National Trust for Jersey's Open Day.  Please click the following link for more information on this event: http://www.nationaltrustjersey.org.je/diary/eventlist.asp or pop into our office to collect a leaflet containing all the properties information and visit opening times, the Green House project and walks that they have available.

 

House Sales Figures Reveal an Upward Trend

A RETURN to growth in house sales appears to be under way, judging by the level and value of transactions registered in the Royal Court in the first six months of the year. 

The figures, compiled by Acorn Mortgages, show a significant increase on the same period of 2010, when there were 1,139 registrations valued at £416 million.

The number of transactions registered in January to June this year was 1,176 and the total value was £708 million. 
Laura Baker at Acorn said that some of the total would comprise re-registrations and she acknowledged that one or two high-value completions could distort the figures.  But with the total value of transactions for the whole of 2010 being £998 million, she said that the figures would appear to provide evidence of an improving market.

By Harry McRandle

(Jersey Evening Post - 25th July 2011)

1(1)k Residents

This afternoon the Jersey government passed new rules designed to make it even more attractive for incoming 1(1)k residents. The purpose of the new rules is to make the Island more attractive for new 1(1)k residents, to encourage them to run businesses from the Island and hold income producing assets within the Island.

  

The new rules only apply to people receiving 1(1)k status from today. At this point existing 1(1)k residents cannot take advantage of the new rules. This means that there will be 3 different regimes for taxing people holding 1(1)k status. There may be further news on this position later in the year.

The new rules are as follows:

• there will no longer be a distinction between the rates of tax charged on Jersey source income and non Jersey source income
• all Jersey property income will be subject to tax at 20%
• with regard to other income the first £625,000 will be subject to tax at 20% and the balance at 1%.

(PWC - 22nd July2011)

Rates of Stamp Duty and LLT

Sales and transfers of freehold properties and "share transfer" shares attract Stamp Duty/LLT as set out below. If the asset if gifted or otherwise transferred for less than its market value the Stamp Duty/LLT is nevertheless calculated based on the full market value.

The bands for properties exceeding £1,000,000 in value came into operation worth more than £700,000 were assessed on the same basis as properties in the £700,000 to £1,0000,000 band.

Does not exceed £50,000 0.5% subject to a minimum of £10

Exceeds £50,000 but 
Does not exceed £300,000         £250 in respect of the first £50,000, plus 1.5% on the balance

Exceeds £300,000 but 
Does not exceed £500,000         £4,000 in respect of the first £300,000, plus 2% on the balance

Exceeds £500,000 but 
Does not exceed £700,000         £8,000 in respect of the first £500,000, plus 2.5% on the balance

Exceeds £700,000 but 
Does not exceed £1,000,000      £13,000 in respect of the first £700,000, plus 3% on the balance

Exceeds £1,000,000 but 
Does not exceed £1,500,000      £22,000 in respect of the first £1,000,000, plus 3.5% on the balance

Exceeds £1,500,000 but 
Does not exceed £2,000,000      £39,500 in respect of the first £1,500,000, plus 4% on the balance

Exceeds £2,000,000                 £59,500 in respect of the first £2,000,000, plus 5% on the balance

It will be noted that, at £8,000 for an "average" house, this can be a significant expense.

(Business Brief - July 2011, P.20)