Month: July 2020
Amidst the global outcry following the tragic death of George Floyd and the subsequent surge of Black Lives Matter protests,…
Mortgage assignments — transactions in which a lender transfers its rights under a mortgage to another entity — are a normal feature of Jamaica’s financial market. Fraudulent versions of this transaction, in which a fictitious assignment is used to redirect mortgage repayments to an unauthorised party or to obscure who actually holds the security interest in a property, have caused serious financial harm to both mortgagors and genuine lenders.
In the summer of 2019, Jamaica’s hotels were full, its beaches were busy, and its tourism industry was delivering what…
Unemployment falls to 7.7% — a record low in Jamaica’s modern economic history, below the double-digit rates that persisted through…
While individual squatters are a persistent feature of Jamaica’s land tenure landscape, organised land invasions — in which groups of persons, sometimes directed by a coordinator who collects payment from each squatter, simultaneously occupy private or government land — represent a more serious form of property crime that requires an urgent and coordinated legal and law enforcement response.
Four months of shut borders and near-zero tourism revenue: Jamaica’s housing market in July 2020 is living through its most severe external shock in modern memory, sustained only by rate cuts, institutional resilience and diaspora loyalty.
Jamaica’s economy absorbs the steepest contraction in decades as COVID-19 lockdowns halt tourism and commerce. Property transactions freeze in April before cautiously resuming. Virtual viewings emerge from necessity as physical inspection becomes impossible. And a global PropTech community discovers that crisis is the most powerful proof of concept.
Tourism revenue: zero. GDP: down 18 percent. Oil: trading below zero. The worst quarter in Jamaica’s modern economic history — and the fiscal cushion that held.
Publication date: 5 July 2020 | Covering: June 2020 Monthly Briefing Jamaica reopens international borders June 15; resilient corridor model;…
Jamaica reopens its tourism corridors on June 15, 2020, triggering renewed north-coast property interest. Virtual transactions flourish as diaspora remittances hit record levels.
Wendy Williams’s landmark Lessons Learned Review published March 2020 exposes institutional racism at the Home Office. COVID-19 devastates Caribbean-heritage communities disproportionately. George Floyd’s killing triggers Black Lives Matter protests in Britain, giving new urgency to Windrush justice. Our quarterly diaspora update covers January–June 2020.
Jamaica Homes Global Conflict & Caribbean Impact Review | Published 3 July 2020 | Reporting Period: 3 April – 2…
Caribbean tourism remains near-zero as emergency economic financing is deployed across the region. The Dominican Republic is planning its July 1 border reopening as other destinations remain closed. Guyana’s oil production continues to provide a rare bright spot in an otherwise bleak regional picture.
In six weeks in the spring of 2020, a pandemic arrived and a man was killed on a street in Minneapolis, and the world the Jamaican diaspora had known changed in ways that are still being measured. The lockdown and George Floyd’s murder defined a generation.
The quarterly intelligence report on Jamaica’s global diaspora for April–June 2020: global COVID-19 lockdowns reach their peak intensity, Jamaica implements curfews and movement restrictions while keeping its air border open under health protocols, US CARES Act stimulus unexpectedly boosts remittance flows despite the economic shock, George Floyd’s killing on 25 May catalyses a global racial justice moment felt across Caribbean diaspora communities, and the 9th Biennial Jamaica Diaspora Conference is formally postponed.