Publication date: 5 December 2023 | Covering: November 2023 Monthly Briefing BOJ holds overnight rate at 7.00 per cent; December meeting approaching…

December 2023: Jamaica closes the year with a gated community boom and Kingston apartment surge as BOJ holds at 7% and NHT private pipeline matures.

Caribbean property markets head into year-end with luxury segments performing strongly across Barbados, Cayman and Jamaica, while Christmas tourism bookings run 10-15 percent ahead of 2022 as housing affordability pressures intensify.

Sagicor Life turned its Church Mate plan, used by just under 300 Jamaican churches, into Church Mate Plus in 2023, offering individual life, illness, accident and hospital cover that members can buy without a minimum group.

The UK Renters Reform Bill completed its committee stage with 183 government amendments, addressing student housing, housing standards, benefit discrimination, and HMO regulation. Each issue has its parallel in Jamaica’s largely unregulated rental market.

Britain introduced sweeping legislation to reform its leasehold property system, tackling ground rents, service charge abuses, and restricted ownership rights that have trapped millions of flat owners for decades. The parallels with Jamaica’s own land titling challenges are not direct but they are instructive.

Jamaica’s Hillside Development Manual has classified slope-based building density since 2014, built on real UWI geological research. Jack’s Hill residents are still fighting the same enforcement battles the manual was meant to settle.

KINGSTON, JAMAICA – November 24, 2023Dean Jones, the luminary founder and CEO of Jamaica Homes, emerges not only as a visionary entrepreneur…

A caveat is a legal notice that can be registered against a Jamaican land title to protect a genuine property interest — such as that of a purchaser who has paid a deposit, a mortgagee, or a beneficiary under a trust. When caveats are lodged without a genuine basis, or are maintained beyond their legitimate purpose, they can prevent an owner from selling or mortgaging their property, and the person who lodged the caveat can be liable for resulting losses.

Kingston, Jamaica — 24 November 2023 One hundred and forty-four housing units will be constructed in Tivoli Gardens in western Kingston at…