The Bank of Jamaica begins its rate-cutting cycle, the e-Titles implementation advances into design phases, JAM-DEX merchant adoption remains stubbornly low, and AI-powered property tools gather pace globally. Our Q3 2024 quarterly review.

Jamaica makes history in Q2 2024 with a landmark $34 million electronic land titling contract, OpenAI launches GPT-4o, global PropTech investment accelerates, and the Caribbean begins to map a credible path toward data-driven real estate.

As artificial intelligence reshapes global real estate, Jamaica’s land registry advances toward digitisation, the Bank of Jamaica’s digital currency faces adoption hurdles, and Caribbean investors begin weighing PropTech’s long-term potential. Our inaugural quarterly review.

As 2023 closes, two converging narratives define Jamaica’s property market: a familiar crisis of affordability and supply, and an unfamiliar one — the arrival of artificial intelligence in the professional vocabulary of Caribbean real estate.

Mortgage rates above 9 percent have pushed Jamaica’s earning middle class beyond the threshold of formal homeownership. As the Bank of Jamaica holds its restrictive policy rate and AI tools begin circulating in Caribbean professional networks, the third quarter of 2023 marks the affordability crisis at its most acute.

Silicon Valley Bank’s collapse in March sends shockwaves through global PropTech funding just as GPT-4 ignites the most consequential AI conversation the property sector has ever had. Jamaica’s mortgage market reaches a decade-high pain point as the structural supply deficit holds prices firm against the affordability tide.

ChatGPT’s explosive November 2022 arrival reshapes the PropTech conversation globally as Jamaica’s property market cools from its pandemic-era heights. The BOJ’s rate hiking cycle reaches its most consequential phase as PropTech funding crashes from the 2021 record and the island navigates the pause between one cycle and the next.

A year of historic inflation, the BOJ’s most aggressive rate hiking cycle in a generation, the launch of JAM-DEX, the collapse of FTX, and the arrival of ChatGPT: 2022 was a year that tested the resilience of Jamaica’s property market on every front and found it, ultimately, holding.

Global inflation at multi-decade highs, the Russia-Ukraine war grinding through its second half-year, and Caribbean markets bracing for what rising interest rates will mean for property. Jamaica’s third quarter of 2022 finds a resilient market being tested as never before by forces originating far beyond its shores.

Imagine standing in the heart of rural Jamaica—lions roaring in the distance, live wires buzzing overhead, and the rich earth beneath your…