Both private sector and States properties have flooded the market and president Deputy Terry Le Main says the committee has achieved its target.It means that once current projects are finished the committee will turn its attention to three- and four-bedroom properties, but Deputy Le Main believes even that market could be filled once the rezoned site projects are finished.’The committee does not believe that the market can sustain any more one- and two-bedroom flats,’ said Deputy Le Main.’I think we are saturated with one- and two-bedroom flats in Jersey and as a committee we are already meeting the social housing needs and have completed the targets we set ourselves within the five years.
This is wonderful news.
The private sector is saturated and we are predicting that prices will be coming down soon.’But Rupert Huelin, managing director of Troys Estate Agency, disagrees.
‘We are still selling one- and two-bedroom flats and we could do with more stock.
‘As long as they are sensibly priced they are selling and close to the asking price, something they would not be doing in a depressed market.’I really do not know where people are getting this doom-and-gloom picture from,’ he added.On the subject of the waterfront flats, Deputy Le Main added: ‘We have now changed the ruling so that single people can now purchase two-bedroom flats as well as one-bedroom.
Since this recent change we have been inundated with inquiries.’There are currently seven one-bedroom flats left out of 29 built, but 22 out of 37 two-bedroom properties still on the market.