Hurricane Fiona devastates Puerto Rico and the Dominican Republic’s southwest as Caribbean energy costs hit record highs driven by the Russia-Ukraine war, and construction costs reach 40% above 2020 baselines.

Caribbean construction costs hit a 40-year high at 30–50% above 2020 baselines while diaspora remittances reach record levels and Guyana’s real estate market surges 60% on oil sector demand.

Jamaica breaks all-time visitor records in July 2022 as Barbados villa rates hit 45% above 2019 levels, Cayman luxury inventory hits historic lows and the Caribbean’s post-COVID tourism boom drives property to new peaks.

Russia’s war in Ukraine, global inflation at multi-decade highs, and a BOJ rate cycle that is compressing mortgage qualification: Jamaica’s housing market in July 2022 is absorbing shocks from every direction simultaneously.

Summer 2022 delivered the Caribbean’s first truly post-COVID tourism season, with Jamaica setting arrival records, DR welcoming 700k+ visitors in June, and short-term rental rates running 25-40% above 2019 levels across the region.

Caribbean inflation hit multi-decade highs in May 2022, with Jamaica above 11% CPI and construction costs up 30-50% from 2019 levels. The Fed’s aggressive rate hikes compounded affordability pressure on first-time buyers.

Caribbean economies post above-forecast GDP growth as tourism recovery accelerates, but Russia-Ukraine commodity prices strain budgets. Barbados completes a successful IMF programme review as Guyana’s oil expansion advances.

Six weeks after Russia’s invasion of Ukraine sent commodity prices surging and the BOJ begins its rate-tightening cycle: Jamaica’s housing market in April 2022 is navigating the end of its most supportive monetary era and the beginning of a much more challenging one.

Oil reached $130 per barrel one month into the Russia-Ukraine war, hitting Caribbean energy budgets hard. But summer 2022 tourism bookings hit record levels as the first truly post-COVID Caribbean summer came into view.

Russia’s invasion of Ukraine on February 24, 2022 sent oil prices above $105 per barrel, triggering an immediate energy and food price shock across the Caribbean’s import-dependent economies while tourism bookings held firm.