Island Life Magazine Ltd February/March 2011 | Page 23

property

Island Life - February/March 2011

remove some of the downward pressure
on prices. The availability of new homes
on the Island is extremely limited, apart
from one or two larger developments.
Demand could start outstripping supply.
“Banks and building societies are
applying very strict criteria to their
lending policies, which severely limits
the number of people they consider
suitable security for a mortgage. This
is especially true for first time buyers.
Typically, len