New build property for full time residents only

CLAPTON

adr0ck wrote: »

wouldn't a better option be to restrict the sale of existing properties?

In a similar manner to what australia does for foreign nationals

I doubt that Turkeys would vote for Xmas so it's unlikely that the existing residents of St Ives would vote to reduce the price of their own property.

PasturesNew

Jersey has two types of houses:

- those the locals can buy, having obtained, or been born with, formal residency.
- those other residents can buy.

adr0ck

Generali wrote: »

Which rule do you mean?

From what I can see foreign nationals (like me) have no real problems buying property.

i thought australia had some sort of rule that prevented foreign nationals purchasing existing properties

as far as i know the rules are more relaxed if your resident in australia

i beleive you can still purchase existing homes if your going to do them up?

i will try and find a link

adr0ck

think this may explain it

https://www.exfin.com/files/general_materials/FIRB%20Guidelines%20Flowchart%202014.pdf

antrobus

adr0ck wrote: »

wouldn't a better option be to restrict the sale of existing properties?

In a similar manner to what australia does for foreign nationals

Australia is a sovereign nation. St Ives is not.

PasturesNew

antrobus wrote: »

Australia is a sovereign nation. St Ives is not.

But St Ives is in the Duchy - and - nobody's found the paperwork that says Cornwall belongs to England. It was simply "assumed and counted in with the rest of England", but the actual paperwork "giving it up" has not been produced.

westernpromise

duchy wrote: »

I've seen some nice 4/5 bedroom developments hang around for months before selling. For a developer looking for a quick turnover I can see some benefit in building less expensive properties which will sell more quickly releasing capital for the developers next project.

If that's so the developers would be doing it already anyway. If they want their capital back quickly they can just cut their prices.

Generali

adr0ck wrote: »

think this may explain it

https://www.exfin.com/files/general_materials/FIRB%20Guidelines%20Flowchart%202014.pdf

Ah yes. That will be the rule that has been reported over the last couple of years to be widely flouted.

This is a pretty fair State of Play article, albeit focusing on larger investments:

http://www.ft.com/intl/cms/s/0/ff0b254c-fecf-11e5-ac98-3c15a1aa2e62.html#axzz489zzQu6d

CLAPTON

Generali wrote: »

Then I advertise in Haskovska Maritsa for Bulgarian builders.

The UK isn't a closed economy for labour. Just ask CLAPTON.

Good to see you are using a little economic reasoning and acknowledge that large scale immigration reduces wages.

Maybe you can move on and recognise the role supply and demand play in determining house prices (maybe hold that until after the EU referendum.....)

stator

This type of ban should be introduced for the whole of Devon and Cornwall