Jamaica’s March 2015 budget debate delivers mixed results for housing: NHT loan limits remain under scrutiny as BOJ easing accelerates and construction costs hold lower.
Pre-budget pressure mounts on Jamaica’s NHT loan limits as construction costs diverge from what the Trust will finance. BOJ rate trajectory and housing affordability in focus.
Bank of Jamaica moves toward monetary easing as oil-driven disinflation takes hold. Jamaica’s mortgage market anticipates rate softening in 2015 as construction costs improve.
Obama’s December 17 Cuba announcement reshapes Caribbean geopolitics as Jamaica watches with interest. Oil below US$60 brings real construction cost relief as 2015 begins.
