Static housing market 'will correct itself without States'
CONFIDENCE remains within the Housing Department that the island's static housing market will 'correct itself' without States intervention.
It comes as various options and policies were debated at a specially organised presentation at St James, where over 200 people came together to discuss the need for house building reform and possible options for the government to support the market.
A visiting guest speaker, Professor Christine Whitehead, a leading academic and expert in the fields of housing and planning and economics, said different options and policies could be explored in Guernsey to support owner-occupancy and partial ownership and outlined some of the schemes adopted elsewhere.
'Prices will adjust and once property sales pick up, we'll see more permissions being acted upon,' said Housing minister Dave Jones.
'In the meantime, we will continue working with the Guernsey Housing Association to increase the island's supply of affordable housing.'
