Jamaica Real Estate Monthly

As the PNP government presents its first budget, NHT reform commitments and housing infrastructure investment are scrutinised. Jamaica’s property market posts its strongest quarter since 2010.

Two months into the PNP government, NHT reform details begin to emerge and the property market shows sustained post-election recovery. Construction activity picks up in St. Catherine.

The PNP sweeps to power on December 29, winning 42 of 63 seats. Portia Simpson Miller is set to form a new government with NHT reform and housing access at the top of her agenda.

Andrew Holness is sworn in as Jamaica’s youngest PM on October 23, inheriting a housing portfolio under strain. A snap election is called; both parties pivot to housing promises.

As Greece teeters and European markets convulse, Jamaica’s property sector maintains its cautious footing. NHT remains the dominant mortgage provider through a challenging climate.