Investment property purchases (FOI)

Request

The number, types, and price paid for freehold, or leasehold residential properties purchased on the Island by non-resident individuals and public or private limited companies registered on or off the Island for investment purposes within the last five years.

Response

After an extensive search of our records we have established that the information requested is neither held in one place nor in the form required. To answer the request, the raw data would need to be located, retrieved, and extracted from various sources and this would take more than the prescribed 12.5 hours to do that work. In addition, the raw data would need to be manipulated to produce the statistics requested. As allowed by Article 16 of the Freedom of Information (Jersey) Law 2011 we therefore decline to supply the information requested.

Articles applied

Article 16 - A scheduled public authority may refuse to supply information if cost excessive

(1) A scheduled public authority that has been requested to supply information may refuse to supply the information if it estimates that the cost of doing so would exceed any fee of an amount determined in the manner prescribed by Regulations.

Regulation 2 (1) of the Freedom of Information (Costs) (Jersey) Regulations 2014 allows an authority to refuse a request for information where the estimated cost of dealing with the request would exceed the specified amount of the cost limit of £500. This is the estimated cost of one person spending 12.5 working hours in determining whether the department holds the information, locating, retrieving and extracting the information.