The Luxury & High-Value Resident (HVR) market

The UK luxury property market has reported that since January 2021, there were 18,533 instructions between £3.5m-£5m and that 5,133 of these properties completed, with an average price of £4.95m within this bracket.

Here in Jersey we have in excess of 250+ properties starting at £2.5m (many confidentially marketed) with 210+ freehold properties transacting here above £2m in Jersey in the same period. Notably the luxury/HVR sector here in the island will soon see another shift, as the prerequisite entry levels for HVRs to move to Jersey are being reviewed and the below changes are expected to be implemented with effect from 14th July 2023 -

• The minimum income tax payable will rise to £250,000 per annum (currently £170,000pa) with the levels being reviewed every 5 years

• The minimum house purchase price will rise from £2.5m to £3.5m and for apartments it will rise from £1.25m to £1.75m

• Applicants are required to have a minimum personal wealth of £10m in assets with some liquidity required, excluding their main residence

Existing 2(1)e residents in the island will continue to pay tax at their current rate; although should a new application be made before 14 July 2023 and the individuals are tax resident in Jersey before 31 December 2023, they can benefit from the existing regime (£170,000 income tax pa)

Current figures from Locate Jersey reveal that to date, we’ve had 9 applications from 2(1)e’s already approved, leading to 8 properties with a total value of £23,555,000 transacting (4 houses & 4 apartments.) Following the above deadlines being published in mid-April,

with Kate Ghazi

several new applications have now been submitted, so approvals are expected to rise to around 16 or 17 by the end of July. For HVRs who are considering relocating to Jersey, there are so many compelling factors which make our island an attractive destination - a favourable tax environment with no capital gains tax or inheritance tax, political stability, very low crime rates, privacy, a fair climate and a high quality of life.

Jersey is also a renowned international finance centre with a strong wealth management industry, offering a wide range of services specifically tailored to the needs of HVRs, including private banking, trust & estate planning, asset management and family office services. The island’s strong financial services and fast UK connectivity further enhances the appeal, as our location and proximity to popular European cities allows swift access to global markets with multiple daily connections to London. Jersey offers it’s residents a high standard of living and an exceptional quality of life, boasting stunning natural beauty with picturesque coastlines, beaches and countryside and this provides for an endless range of outdoor activities including water-sports, sailing, hiking, and golfing. The island is home to a vast range of coastal restaurants, cafes and boutique shops, offering a cosmopolitan lifestyle so islanders can also enjoy a blend of tranquility and family-oriented amenities. With a very safe environment, excellent healthcare facilities and high-quality education, these elements contribute to an enriched lifestyle for all.

Here at Fine & Country, we can offer both national and international reach to our clients from our network of more than 300 offices, so we are inherently & ideally placed to help to make your next move.

COMING SOON

Fantastic newly renovated detached 4 bedroom granite home

Exclusive St Lawrence location with a long tree lined approach

Private walled garden and swimming pool

Parking for 3/4 cars

Asking £1,500,000

Please all Kerry on 07797 825122 or Rebecca on 07797 751527 to register your interest

Wanted

All types of rental properties required for waiting tenants

All locations considered in all price ranges.

St Ouen

Brand new 3 bedroom, 2 bathroom home located in the heart of St Ouen’s Village. With traditional exterior to compliment the neighbouring property and an interior completed to the highest standard with quality fixtures and fittings throughout. Set out over three floors and briefly comprises: an open plan lounge/kitchen/dining room. From here there are steps up to an inviting garden room which completes the ground floor. The garden room opens onto the spacious, enclosed garden.

Freehold

St Clement

With spectacular sea-views and direct access to the sandy beach below, this 4/5 bedroom detached family 2 gen home has an integral 1 bed unit on the ground floor & offers unrivalled coastal living. With an integral double garage, parking for 4+, a sunroom leading onto a large balcony and a wide paved terrace overlooking the beach, this is a very versatile property not to be missed!

St Ouen Trinity

This exclusive property offers spectacular far-reaching sea views towards neighboring Channel Islands. Built and finished to an impeccably high standard utilizing floor to ceiling windows to maximize the magnificent views. The stylish accommodation briefly comprises; open-plan lounge/kitchen/dining room, 3 generous bedroom suites and a 1 bedroom studio apartment. Externally, private south and west facing gardens and patio areas, plus an agricultural field of approximately, circa 3 acres. Detached triple garage and parking for several cars.

Rural St Helier

This beautiful 4 bedroom country estate sits at the end of a new carriage drive, surrounded by its own land. Internally has great potential to extend and create something amazing. The current property measures circa 4,259 sq.ft and offers 4 reception rooms downstairs and whilst upstairs there 2 en-suite bedrooms, 2 additional double bedrooms and house bathroom. There is an all-weather tennis court as well as a heated swimming pool and beautiful gardens.

This elegant detached 6 bedroom, 6 bathroom home is a stunning masterpiece of modern architecture, designed with both luxury and comfort in mind. The kitchen complete with high-end appliances, along with the sitting room both face south offering beautiful views over the garden and terraces. There are 5 double bedrooms located on the first floor. The garden is well established with large sun terraces and a beautiful swimming pool and pool house.

This magnificent chateau-style property is set in beautiful landscaped grounds, a stone’s throw from the beach. Generous open-plan receptions provide ample space for entertaining, whilst French doors offer a seamless indoor/ outdoor lifestyle. The owners’ suite has a large terrace overlooking the surrounding countryside plus there are 5 further suites. This impressive home boasts a recreation suite to include a games room and vaulted wine cellar. A detached garage gym and 1 bedroom cottage.

SOLE AGENT

St Brelade

This fabulous site is a rare opportunity to build a modern mansion with panoramic sea views in the heart of St Brelade’s Bay. Offering over 12,500 sq.ft of accommodation, the building has been designed with the primary living accommodation & the owners suite on the upper levels to best appreciate the views. Other floors offer further guest/family bedroom suites, a wellness spa, gym, 2 staff bedrooms, wine cellar with tasting lounge & home cinema. An integrated garage for 6 cars allows for personal collections to be showcased, whilst private gardens & terraces make the most of the views. Works can start immediately & the plans are approved in perpetuity.

Rural St Helier

Asking Price ~ £4,250,000 FC037

St Mary

Asking Price ~ £6,300,000 FC057

Spectacular 7 bedroom country residence located in St Mary’s Village, This former farmhouse offers c6,000 sq.ft of accommodation. A comfortable lounge and sitting room lead through to the kitchen. Separate orangery-style dining room and a cosy snug/TV area. Upstairs, the master suite is sizeable with a luxury en-suite and 3 further en-suite bedrooms. Externally an integral 1 bedroom flat above the garage. A gym, outdoor tennis court and heated swimming pool.

Asking Price ~ £8,950,000 FC022

A majestic modern mansion set in approximately three acres of parkland style grounds. Once you pass through ornate iron gates, you approach the house via a long sweeping driveway that cuts through beautiful landscaped grounds featuring an ornamental lake and fountain. The elegant home, with a grand Georgian facade, has been designed with modern family living and entertaining in mind and a transformative refurbishment in recent years has provided a home with magnificently appointed and well proportioned accommodation.

FREEHOLD

FREEHOLD FREEHOLD

St Brelade

Asking Price ~ £10,000,000 FC040

Regarded as one of Jersey’s finest homes, this magnificent period residence stands protected by several acres of beautiful mature parkland gardens and grounds, and widely recognised as having one of the islands most spectacular private gardens. The 8 bedrooms main house measures c.10,452 sq.ft with a detached granite-built staff bungalow. Within the grounds there is a fine artists studio, currently used as a gym.

BEFORE AFTER

St Martin

We are delighted to announce the completion of this stunning barn conversion. As the agent who sold the site to the developer, we are thrilled with the finished product & couldn’t be more excited to showcase it to buyers. This project has been a labour of love for the developer, who has spared no expense. Original features such as exposed beams have been carefully incorporated into the modern design & the attention to detail is exceptional. Measuring just over 3,000 sq.ft, there are spacious reception rooms & 4 bedroom suites. As well as the beautiful interiors, it has a large garden with countryside views & ample parking. The location within a quiet country lane is also second to none, making it the perfect retreat. In conclusion, it is with great pleasure that we are able to showcase this stunning home. We are confident that any potential buyer would be lucky to call this impressive property their home.

Asking Price ~ £1,850,000 FC027

Are you a property owner with a development site opportunity?

Please contact Rebecca today to help you maximise the potential of your site on 07797 751527