Savills Portugal

With its picture-postcard scenery, famed golden beaches, pretty countryside and rich history, Jersey is a wonderful place to call home. But buying property on the island differs from mainland transactions in the UK.

For anyone who might be considering a move it’s important to understand the island has two types of residential property – ‘qualified’ and ‘non-qualified’.

‘Qualified’ homes make up the vast majority of property on the island and – as the name suggests – there are certain criteria that potential buyers must meet before a purchase can be made.

However, there are also a limited number of properties on the island which are described as ‘non-qualified’ or ‘unrestricted’. Anyone can buy these properties and move to the island immediately.There are no employment or wealth requirements.

After 10 years of living in a ‘non-qualified’ property, owners can apply for full Jersey residency and purchase a home available on the ‘qualified’ market.

Because the number of ‘non-qualified’ homes is relatively small, such properties also tend to attract a premium price.

For buyers who can afford to do so and who do not meet the employment or income criteria to purchase a ‘qualified’ property – for example those who want to retire to Jersey to be closer to family or friends – it represents a viable route to living on the island.

However, before making any decision it’s important that potential buyers obtain independent tax, financial and housing advice to ensure they fully understand what buying a ‘non-qualified’ home entails.

If you’re thinking of making a move, featured below is a trio of ‘non-qualified’ homes currently on the market.