Jersey housing market 'all but destroyed' by pandemic

A group representing 15 Jersey Estate Agents are appealing for support from government, claiming the island’s housing market has been “all but destroyed” by the coronavirus outbreak.

The Jersey Estate Agents Association warn the situation could be worse than the 2008 financial crash.

They say they’ve been given no clear guidance on how they should safely continue to operate, and are concerned they’ve been excluded from the government’s forthcoming wage subsidy scheme designed to prevent job losses and companies collapsing.

  • Gill Hunt speaks to ITV News...

In an email sent to government, seen by ITV News, they highlight the scale of the problem they’re facing:

Estate agents are not included in the list of businesses to benefit from a £101 million package of wage subsidies announced by government. Politicians say they may review that list and will confirm plans by 13 April.

The JEEA represents Broadlands Estates, Choice Properties, Gaudin & Co, Huelin Homes, Hunt Estates, Indigo Estates, Keys Properties, Le Gallais Estates, Lyons Estates, Maillard’s Estates, Moore Properties, ND Estates, Red Properties, Savills and Wilsons Knight Frank.