CAGR

CAGR, which stands for Compound Annual Growth Rate, is a way to figure out how much something, like a house or piece of land, grows in value each year over a certain period of time. In Jamaica’s real estate market, it helps people see how much property prices have gone up or down over a few years. For example, if you bought a house for J$10 million and after five years it’s worth J$15 million, the CAGR would show how much the house’s value grew each year, on average. This helps people know if it’s a good idea to invest in certain areas, like Kingston or Montego Bay, because they can see how much the value of properties there has changed over time. It’s like a tool that tells you if your money will grow if you buy a house or land!