New Housing Strategy in 2 Years

Local Market, News

The Environment and Infrastructure department have issued a policy letter which promises to create a new Housing Strategy in two years. The strategy will use the findings and recommendations set out in a report produced by KPMG two years ago when the States were originally directed to produce a strategy.

Swoffers welcome the work taking place and believe there are many positives that will come out of it. However, there is concern over the amount of time this is taking while the housing market continues to underperform in some areas. In particular, first time buyers who are trying to get on the market can’t raise deposits and are sometimes left with no option but to leave the island in search of affordable housing.

Watch our video below to hear Director Spencer Noyon’s response to the publication of the Policy Letter published today (12/06/18).

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