Jamaica's residential resort market in 2025 presents a dynamic landscape, characterized by diverse opportunities and challenges. From the bustling urban centers of Kingston to the serene coastal retreats along the North, East, and West coasts, the market caters to a wide range of preferences and investment goals. This comprehensive overview delves into the key trends, statistics, and insights that define the current state of Jamaica's residential resort market.
Market Overview
The Jamaican residential resort market is experiencing significant growth, driven by factors such as increased tourism, infrastructural development, and a growing interest from both local and international buyers. The demand for high-end properties, particularly in coastal areas, has led to the development of luxury apartments and gated communities that offer both comfort and exclusivity.
Key Statistics
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Total Listings: Approximately 2,145 residential resort listings have been analyzed, providing a comprehensive snapshot of the market.
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Median Asking Price: The median asking price stands at JMD 28,000,000, indicating a substantial investment in the sector.
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Top Parishes by Listing Count:
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St. Andrew: 1,227 listings
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St. James: 290 listings
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St. Ann: 206 listings
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Top Parishes by Total Asking Price:
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St. Andrew: ~JMD 39.48 billion
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St. James: ~JMD 21.31 billion
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St. Ann: ~JMD 16.31 billion
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These figures highlight the concentration of high-value properties in specific parishes, with St. Andrew leading in both listing count and total asking price.
Market Segmentation
The market can be broadly segmented into three categories:
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Urban High-Rises: Primarily located in Kingston, these properties cater to professionals seeking proximity to business districts and amenities.
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Coastal Retreats: Found along the North, East, and West coasts, these properties appeal to buyers desiring tranquility, scenic views, and a vacation-like lifestyle.
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Affordable Options: Spread across various parishes, these properties offer opportunities for first-time buyers and those seeking more budget-friendly investments.
Buyer Profiles
Understanding the motivations and preferences of different buyer segments is crucial:
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Local Professionals: Often opt for urban high-rises for convenience and proximity to work.
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Diaspora Investors: Seek coastal retreats as vacation homes or rental properties, driven by the allure of Jamaica's natural beauty.
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First-Time Buyers: Look for affordable options that offer potential for appreciation and personal use.
Disclaimer
This report is prepared for informational and educational purposes only. While every effort has been made to ensure accuracy, the analysis is based on publicly available listings data, which may contain human-entry errors or omissions. Property values, statuses, and locations are subject to change without notice, and no guarantee is given as to the completeness or reliability of the data. This content does not constitute financial, legal, or investment advice. Readers are encouraged to conduct their own due diligence and consult with qualified professionals before making any property-related decisions.