Invest in Jersey
Closer to the coast of France than the coast of England, Jersey offers a combination of Continental chic, a relaxed pace of life and unrivalled scenic beauty.
Why Jersey?
The character of the Channel Islands is unique, a mix international jet set, affluent professionals and family businesses. The climate is mild all year, averaging 68 degrees fahrenheit during the peak visitor season of June to September. However, tourism accounts for only 4% of Jersey's economy. Banking and Financial Services is a well established and vital part of the Island, where over 80% of the local economy is accounted for by the offshore finance sector, dwarfing other major Channel Island industries such as agriculture and manufacturing.
Location
Situated 90 miles south of England, the Channel Islands are easily accessible by air and sea from both the UK and Europe, suffusing them with a unique, continental flavour whilst ensuring they stay undeniably British.
Statistics
The population of Jersey is only 87,500; however, statistics show that bank deposits are over £160 billion, depicting a thriving finance sector, in addition to which, 700 investment funds are currently serviced in Jersey with a net asset value of £106 billion. The Island offers many benefits including, no inheritance tax, no capital gains tax, low unemployment and crime rates, and the added advantage of high salaries and rental yields being amongst the highest in the British Isles on new property. Stringent residency controls prevent those who are not essential workers or local residents from occupying most types of property, however, ownership is still possible for those buying to let.
Jersey has one of the strongest rental markets in the British Isles with a staggering 27% of the population in private sector rental accommodation. Yields are in the region of up to 6.5%, with the majority paid by major employer groups, thus ensuring a secure continual income. The Channel Islands boast a sophisticated infrastructure and wealth of professional expertise. They enjoy a time zone convenient for European led transactions. The Islands also have a reputation as among the best-regulated and most highly respected offshore financial centres in the world and there are significant benefits to investors such as the Island's advantageous position regarding tax savings, transparency, liquidity and risk spreading.
Growth Factors
- High rental yields driven by a strong, growing economy
- Due to the Island’s Housing Qualifications, a high proportion (27%) of the working population must rent property
- A high proportion of the Island’s employers will pay an employee's rent as part of their salary package
- Islanders benefit from low taxes, high salaries and high disposable incomes
- The States of Jersey Government are actively pursuing policies to expand the working population and increase economic growth
- Jersey is a highly respected, internationally renowned Offshore Financial Services centre
Escapes2 property for sale in Jersey
Property Jersey 1: Spectrum Jersey
Property Jersey 2: Chateau Royale
Property Jersey 3: Century Buildings
Property Jersey 4: West Park