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Jamaica real estate monthly review
Hurricane Beryl struck Jamaica on July 3, damaging 13,500-plus homes. This August 2024 review assesses the damage, recovery response, and housing market resilience.
Jamaica’s housing market navigates mid-2024 momentum as Hurricane Beryl approaches, NHT accelerates its pipeline, and diaspora capital flows remain strong.
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.
December 2023: Jamaica closes the year with a gated community boom and Kingston apartment surge as BOJ holds at 7% and NHT private pipeline matures.
November 2023: Year-end transaction activity builds, Kingston apartment demand intensifies, and VM Group reports 25% jump in diaspora mortgage originations.
Jamaica Homes News
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