Monthly Review

With NHT loan limit increases just weeks away, Jamaica’s housing market enters June with rising pre-emptive demand, continued construction momentum, and steady BOJ patience.

Jamaica’s housing sector digests the budget’s NHT reforms as construction pipelines stay active, diaspora interest grows, and the BOJ holds rates at 7% into April.

PM Holness’s budget announces NHT loan limits raised to J$7.5m and a new 5% rate band, reshaping Jamaica’s affordable housing landscape for the 2023/24 fiscal year.

With inflation at 7.8% and the BOJ tightening further via reserve requirements, Jamaica’s housing boom strains against affordability limits as budget season approaches.

Jamaica’s housing market closes 2022 and enters 2023 with strong demand, but rising commercial mortgage rates and construction cost pressures are testing affordability.

Jamaica receives its first COVID-19 vaccines via COVAX in February 2021 as the housing market normalises and construction activity accelerates.

Jamaica awaits COVAX vaccine delivery in early 2021 as housing demand recovers strongly and BOJ holds rates at historic lows.

Jamaica’s housing market closes a remarkable COVID year with rising prices and record remittances, as the NHT reports year-end results for 2020.

Global vaccine approvals in November–December 2020 lift Jamaica’s year-end property outlook as the housing market defies pandemic expectations.

Jamaica’s housing market posts surprising momentum in October–November 2020 as virtual viewings normalise and vaccine news lifts global sentiment.

As Jamaica cautiously reopens to tourists and hurricane season peaks, the property market shows surprising momentum in September–October 2020.