From July 2024 the NHT began financing solar panels, batteries and rainwater systems through its SMART Energy Loan, folding resilience and lower running costs into homeownership.

With the Bank of Jamaica’s rate held at 7.00% for eleven consecutive months and a new starter home programme just announced, Jamaica’s housing market in spring 2024 is poised at an inflection point. This review asks what comes next — and whether policy ambition can finally match delivery.

Seven months at peak rates, a record tourism year and an election on the horizon: Jamaica’s housing market begins 2024 waiting for the turn that the data says is coming — but that has not yet arrived.

With the BOJ rate anchored at 7.00% and global monetary tightening at its most intense in a generation, Jamaica’s housing market in October 2023 is bearing the full weight of a monetary policy that has done its job — but not yet finished paying its price.

With the BOJ rate reaching its tightening cycle peak of 7.00%, Jamaica’s housing market in July 2023 is navigating a summer of suppressed demand, construction cost pressures and a tourism boom that is complicating long-term rental affordability in resort communities.

SVB’s collapse, Credit Suisse’s rescue and a rate cycle approaching its peak: Jamaica’s housing market in spring 2023 is navigating a global financial environment that has rarely been more turbulent — and a local affordability crisis that has rarely been more acute.

Inflation above 10%, a war in Ukraine that sent commodity prices soaring, and a rate-tightening cycle that has fundamentally changed the mortgage mathematics: Jamaica’s housing market begins 2023 taking stock of a bruising year and looking for reasons to believe the worst is over.

Rate hikes, commodity prices at multi-decade highs, and the UK’s mortgage market crisis as a cautionary tale: Jamaica’s housing market in October 2022 is bearing the full weight of a global inflation shock that has changed the economics of borrowing, building and buying.

Less than a year after moving in, residents of an NHT scheme in St Catherine reported cracking walls and flooding. The episode is a reminder that build quality is part of the housing count.

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.