Philip Syvret, a Partner at Benest & Syvret has advised on
the legal structures for some of the island's largest housing
developments.
Here, he explains the social impact of rising house prices in
Jersey.
This article originally appeared on bailiwickexpress.com
Every time I advise on a property purchase I am required to look
back at the history of the property, principally to check the
boundaries and the rights and duties that have accumulated in the
property's history over the years.
My eyes however are often drawn to the price for which the
property has sold over the last few decades.
Last week I was looking at a property on what was a social
housing development in St. Brelade, first constructed in the 1960s.
When its first owner sold and moved on in 1974 he sold the property
for £14,000.00. In 1990 it changed hands again, then for
£90,000.00. By the year 2000 it was sold for
£208,000.00. Somewhat remarkably at the end of last year it
sold for a total
