Browsing: Jamaica real estate analysis

In the first six months of 2020, Jamaica’s economy has been turned upside down. Tourism has collapsed. Hotels are shuttered. And yet the property market is showing a stubbornness that defies the models. Here is what the data tells us — and what 2021 might actually look like.

Kingston, Jamaica — 1 April 2020 The National Housing Trust has reduced interest rates on all new mortgage loans by…

Kingston, Jamaica — 4 March 2020 The government has committed to providing 70,000 affordable housing solutions across Jamaica, setting the…

Kingston, Jamaica — 12 December 2019 The National Housing Trust’s Guaranteed Purchase Programme, launched in November 2018, has delivered approximately…

Spanish Town, Jamaica — 27 October 2019 The Greater Bernard Lodge Development Project has been programmed to deliver approximately 15,000…

Jamaica’s property market in mid-2019 is operating from the strongest economic foundation in a generation. Record tourism, multi-decade low unemployment, and a completed IMF programme have created genuine confidence. But peak confidence has its own risks — and the market needs to hear them.

Kingston, Jamaica — 1 April 2019 Jamaica’s property market has entered a new era of transaction economics. Effective April 1,…

Kingston, Jamaica — 1 April 2019 Jamaica’s property market has entered a new era of transaction economics. Effective April 1,…

Kingston, Jamaica — 1 April 2019 Jamaica’s property market has entered a new era of transaction economics. Effective April 1,…

Kingston, Jamaica — 19 March 2019 The Prime Minister has announced a $2.5-billion infrastructure upgrading programme targeting 49 National Housing…

Kingston, Jamaica — 15 March 2019 The Housing Agency of Jamaica has announced plans to deliver more than 3,000 housing…

Montego Bay, Jamaica — 24 February 2019 The Prime Minister broke ground on Sunday for The Estuary, a $7-billion housing…

After years of post-crisis stagnation, Jamaica’s property market is moving with new purpose. Tourism is surging, employment is improving, and mortgage competition is intensifying. The recovery is real — but it is also uneven, and the risks are not gone.

After a decade of fiscal pain, low growth, and a property market that barely moved, Jamaica’s economic fundamentals are finally improving. Tourism is breaking records, the IMF programme is delivering results, and a market that has been waiting patiently is starting to stir. Here is the full picture for mid-2017 — and what 2018 really holds.

There is a particular quality to the light in a house that has been empty for too long. Something faintly…