Channel Islands residents keep a keen eye on Brexit negotiations


Ben Cooper asks what makes the islands the place to be and whether Brexit poses any risk

The Channel Islands have never been full members of the UK, or the EU for that matter. But that hasn’t stopped Jersey and Guernsey becoming leading financial centres with a combined GDP of £6.2bn.

While Brexit wreaks political and economic chaos on the mainland, it doesn’t to date appear to have created too many headaches for islanders. Indeed, it may well prove to be a long-term benefit – not least for the property market, says Alistair Sarre, director of Jersey-based commercial property agency Sarre & Company.

“We’ve seen a marked increase in high-net-worth individuals coming here since Brexit,” says Sarre. “A spin-off of that has been an increase in demand for high-quality property, which has led to a shortage in supply. It seems to have played into our hands; it’s made us the place to be.”

But is the “place to be” really immune from any fallout from Brexit?

This is premium content

You must be logged in to view premium stories.

Gated access promo

Subscribe for full access

Take out a print and online or online only subscription and you will get immediate access to:

  • Breaking industry news as it happens
  • Expert analysis and comment from industry leaders
  • Unlimited access to all stories, including premium content
  • Full access to all our online archive

To get access to premium content subscribe today

Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts

If you are already a registered user or a subscriber you can SIGN IN now