Chris Duverger, a conveyancer with more than 40 years'
experience, says that the past 18 months have been the most
difficult he has experienced in the housing market, but it's
now time to look forward to more buoyant times.
The recession created negativity with firsttime buyers and
throughout the market; it is now time to shake off that
I have worked as a conveyancer for more than 40 years and there
is no doubt that market conditions over past year or so have been
the most difficult. But over those years I have seen market
fluctuations and know that doom and gloom won't be with us
Indeed, although there is no doubt that the market in Jersey is
still very sluggish, there were indications in the first half of
2011 that it is moving in the right direction, especially in the
mid to higher bracket.
It seems many people at the lower end of the market are still
unaware that lending institutions are putting together much better
packages, some of which will require the assistance of others,
perhaps parents. Many estate agents and independent financial
advisors (IFAs) agree with this view.
There is no doubt that to stimulate the whole market there has
to be some improvement at the lower end. For those buyers, it's
worth noting that an enquiry costs nothing, and banks and IFAs may
reassure you that you could meet the lending institution's
Collas Crill now has offices in both Jersey and Guernsey and it
is interesting to note that the market across the water, even if
there may be a difference in supply and demand, seems a lot more
buoyant than Jersey. It's interesting to consider how two
islands separated by a span of water can be so different,
especially taking into account that both have the same lending
institutions offering the same packages.
Although we haven't seen a dramatic drop in property prices
in Jersey, buyers should take comfort from the fact that it is now
very much a buyers market.
If you are unsure how to get started as a buyer or seller,
Collas Crill's Property Team are only too happy to point you in
the right direction. We can put you in touch by recommendation with
the right financial contacts and agents with whom we work on a
daily basis. We can also give you a good insight into legal and
associated costs across the board from a very early stage.
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guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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The process for obtaining planning permission for development of property in the Cayman Islands has been updated as a result of the latest revision of the Development and Planning Law and accompanying regulations (July 2015).
In principle, when the parties agree to arbitrate, they shall be
bound by that agreement. It should therefore follow that when a
party initiates arbitration proceedings, the other party - the
respondent – will avail itself of the opportunity to present
its case and participate in the proceedings.
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