Jamaica property market 2024

Jamaica’s June 2024 housing review: mid-year assessment of a two-speed market. Rate relief expected in H2; NHT delivery gap persists; homeowner costs mount.

Jamaica’s May 2024 housing review: variable-rate mortgage holders face rising payments; vendor discounting continues; BOJ holds rates; NHT fiscal year begins.

Jamaica’s April 2024 housing review: vendor discounting spreads from luxury into the J$30M–J$80M range as inventory builds and buyers hold firm on price.

Jamaica’s March 2024 housing review: PM Holness announces NHT starter home programme; budget debate raises questions about delivery gaps and affordability.

Jamaica’s February 2024 housing review: NHT demand stays resilient as commercial mortgage rates at 9–11% continue to shut first-time buyers out of the market.

Jamaica’s housing market enters 2024 with constrained affordability, steady NHT demand, and commercial mortgage rates above 9%. Monthly review for January 2024.

Living near top-rated schools has long been considered a key factor in determining the value of residential real estate, not…