Depending on your residency status, there may be restrictions on buying property in Jersey. You need to be a resident for 11 years before being able to purchase property. As such, many new arrivals decide to rent first and buy later.
Rents can range from £724 per month for a one-bedroom apartment in the capital of St. Helier to £7000 for a beautiful 6 bedroom character home in the pretty town of St. Marin. While this can work out cost efficient and flexible in the short term, allowing families to bed in and get a feel for the island, it is not necessarily the best choice in the long term.
The property market is designed to meet the demands of the higher end of the market and as with neighbouring Guernsey, Jersey has its fair share of luxurious properties.
Prices for these homes can range from £1,000,000 up to as much as £8,995,000 for a premier 8 bedroomed mansion. Generally, the north of the island has the grander country homes and anywhere on the fringes of St Helier, the capital is considered a prime location.
In the lower to middle range, prices vary enormously from modest one bedroomed studio flats which can be purchased for around £149,500, to family detached 3 bedroom town house for approximately £435,000.