Jamaica’s pandemic property boom opened doors for some buyers and created expensive commitments for others. Years later, the real measure of homeownership may be less about rising prices than the lives people can afford to lead.
Across the Caribbean, property markets are moving at very different speeds. Yet from Kingston to Bridgetown, Georgetown to Nassau, one problem increasingly unites buyers: the amount paid for a house is not necessarily what that house will ultimately cost.
A new national rental database will make landlords and properties easier to identify. Jamaica already requires rented premises to be registered, but the information remains far less visible.
Jamaica cannot persuade more homeowners to insure their properties while policyholders wait nearly a year for claims to be settled
Jamaica’s churches possess land, history and influence. The question is whether those assets are being protected and used to meet the country’s urgent needs.
Property Market
Jamaicans are spending millions buying apartments without always knowing the financial condition of the buildings they are entering. Behind the security gates lies an…
A J$100 million upgrade to the Belfield well and Bounty Hall water network aims to improve supply for about 3,000 Trelawny residents. New pumps and mains are in place, but households will be watching reliability and road repairs.
A St Ann’s Bay court has ordered the Urban Development Corporation not to block public access to Little Dunn’s River while a lawsuit over customary rights is heard. The corporation says it will comply but its lawyers plan to challenge the ruling.
Insurers have paid more than J$54 billion on settled Hurricane Melissa claims, with homes far behind businesses. The Financial Services Commission plans to publish a verified picture of outstanding claims on 16 October.
Mortgages & Money
KINGSTON, Jamaica — When Bank of Jamaica raises interest rates, a familiar fear quickly follows: mortgages are about to become…
RENTING
KINGSTON, Jamaica — A Jamaican earning the national minimum wage of J$17,000 for a 40 hour week makes roughly J$73,700 a month before deductions. Put that…
