The consultation will be completed by June 2027 , externaland will gauge opinion from the public, estate agents, mortgage providers and legal professionals.
The Housing Minister welcomed the States Assembly’s decision to do a wider review of the residential property market.
Deputy Sam Mezec said: “Deputy Andrews is right to highlight that our property transaction process is quite archaic and we do know that there are people who experience difficulties within that, transactions falling at the last minute and people ending up with their hearts broken when they have their hearts set on a new home.”
“But I think there is probably more to it than introducing pre-sale agreements so I was grateful that Deputy Max Andrews agreed with us that instead we would do a wider consultation on the whole thing to find an all-encapsulating solution.”