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17. Could Jersey be a cash cow? “The next 10 years will see an ever-growing hunger for island real estate development,” predicts Yolanda Barnes, the director of Savills World Research. When you analyze why house prices have become faster in some areas than others, you will most likely find that the solitary the very first thing is improved rail links, slashing commute times.
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But it is no good waiting around until that new train station has been built before sinking money in an area. You need to remain of the overall game forward, study long-term transportation plans and pinpoint areas that are certain to get the benefit of improving rail links in five years’ time. Keep an optical eye out for approved local planning applications, urges Natalie Hall of Fyfe Mcdade.
They are available on local authorities’ websites and often give an early on indication of areas with good long-term investment potential. Where planning authorization has been granted for major casing schemes, there is often a noticeable ripple impact years before the developments have actually been built. Even if you are purchasing a city apartment, keep in mind how much people value fresh air.