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The first quarter of 2024 found Jamaica in a position that would have been unrecognisable to the policymakers who had…

Jamaica’s property market closes 2024 as the most active year since the diaspora-fuelled boom of 2021, with transaction volumes in…

When the final tourism count for 2023 was assembled, it confirmed what the data had been suggesting all year: Jamaica…

Jamaica’s third quarter of 2024 has consolidated the recovery that began in late 2023 into something more durable: a broad-based improvement in volumes across price segments, sustained price appreciation in the mid-market, and a north coast benefiting from another exceptional summer season. With the election calendar entering its active phase and the BOJ’s easing approaching completion, the market’s final quarter of 2024 will determine whether the recovery has legs into the election year.

The recent announcement by Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), regarding the appointment of Mr. Nigel…

By the summer of 2023, Jamaica’s economic policy establishment was doing something it had not done for two years: cutting…

With a general election due no later than September 2025 and the BOJ’s easing cycle adding further fuel to the market’s recovery, Jamaica’s property sector enters the second half of 2024 in its most active state since the 2021 peak. Pre-election policy commitments on housing, the continued improvement in mortgage affordability, and another strong tourism season are sustaining a momentum that market participants are approaching with cautious confidence.

Somewhere in the second quarter of 2023, Jamaica’s headline inflation crossed back below 6 per cent and returned within the…

The Bank of Jamaica’s rate-cutting cycle accelerated through the opening quarter of 2024 as inflation returned within the target range, delivering meaningful relief to mortgage affordability for the first time since the 2021-22 tightening began. The property market’s response has been tangible: transaction volumes are up materially on Q1 2023, developer pre-sales are absorbing at the strongest pace in two years, and the buyer confidence that had been suppressed through the adjustment period is returning with it.

The first quarter of 2023 delivered something that Jamaica’s tourism industry had been chasing for four years: a definitive confirmation…

Jamaica closes 2023 as a year of transition rather than transformation: the BOJ’s easing cycle has begun, the property market has responded with improved volumes and the first price upticks since the 2021 peak, and the tourism sector has again delivered above expectations. The question entering 2024 is not whether recovery is underway — it is — but at what pace and in whose favour it will run.

When Jamaica closed the books on 2022, the numbers told a story that few had believed possible when the year…

The Bank of Jamaica delivered the rate cut that the property market had been waiting for since early 2023, initiating what observers expect to be a multi-quarter easing cycle. The response was immediate and visible: buyer inquiries accelerated, pre-qualification requests increased at commercial banks, and the sentiment that had been suppressed by two years of monetary tightening began to shift toward re-engagement.

By the summer of 2022, Jamaica was running two parallel economic narratives simultaneously. In the hotel lobbies of Montego Bay…

By the summer of 2022, Jamaica was running two parallel economic narratives simultaneously. In the hotel lobbies of Montego Bay…