The Crown owns land and buildings in the Island that it has acquired either by feudal right, escheat or purchase. Its property portfolio currently comprises 4 residential properties, over 450 vergees of agricultural land and the Crown fiefs, which are currently used for animal grazing or recreation. The Crown also claims ownership of the foreshore, the sea bed and the offshore reefs.
The Crown’s property portfolio generates substantial revenue for the Island each year while its ownership by the Crown ensures that it cannot be exploited for anything other than the common good.