Housing will buy 46 discounted homes from a developer and sell them under the Jersey Homebuy scheme in an effort to help Islanders onto the property ladder.
Following lengthy negotiations with developer Dandara, the Housing Department has agreed to buy the 46 homes on the Goose Green site, each worth £450,000 on the open market, at a reduced rate of £260,000. Last week, 46 Islanders who qualified for the discounted homes were picked at random in a supervised lottery scheme.
Assistant Housing Minister Deputy Sean Power is pleased to have helped to kick-start the scheme. He said: ‘I have, with the Housing department’s chief officer, Ian Gallichan, agreed an average price of £260,000 each, or £11.9 million for the 46 houses.’
