A comprehensive quarterly review of Jamaica’s property market from October to December 2024, covering the Bank of Jamaica’s three additional rate cuts to close the year at 6%, Moon Palace’s 1,350-room Montego Bay announcement, 4,822 new NHT mortgage accounts worth J$82.9 billion, and the Beryl recovery entering its critical second phase.

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A comprehensive quarterly review of Jamaica’s property market from October to December 2023, covering the Bank of Jamaica’s sustained hold at 7.00%, inflation declining toward the target band, a softer development pipeline with 36% fewer units approved across the year, static housing inventory and declining mortgage volumes, and the market’s cautious patience as it waits for the rate relief that analysts believe is approaching.

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A comprehensive quarterly review of Jamaica’s property market from July to September 2023, covering the Bank of Jamaica’s continued hold at 7.00%, inflation retreating from its 2022 peak of over 11 per cent toward the target band, a tourism sector tracking strongly for one of its best years, rising mortgage application volumes that are not yet translating into completed transactions, and a market that is, by every measure, waiting.

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A comprehensive quarterly review of Jamaica’s property market from April to June 2023, covering the Bank of Jamaica’s continued hold at 7.00%, mortgage rates spiking to a three-year high of 7.76% in May, a 17–25% rise in residential prices since the pandemic compressing affordability, a tourism industry producing one of its best half-years on record, and a market in which intention to buy substantially outpaces ability to complete.

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A comprehensive quarterly review of Jamaica’s property market from January to March 2023, covering the Bank of Jamaica’s continuation of its 7.00% policy rate, the highest in more than two decades, inflation that is beginning to moderate from 2022’s double-digit peak, a residential sales market cooling noticeably after the post-pandemic boom, the rental market holding at elevated levels, tourism maintaining strong forward momentum, and a development community recalibrating project economics for the most demanding financing environment in a generation.

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A comprehensive quarterly review of Jamaica’s property market from October to December 2022, covering the Bank of Jamaica reaching its 7.00% terminal rate in November, annual inflation of 10.35% and its impact on affordability, a record tourism year of 3.3 million arrivals and US$3.6 billion in earnings surpassing 2019, RAJ transactions declining to 1,608 worth J$108 billion from 2021’s boom, 98 approved developments encompassing 5,135 units for the year, and the market making a decisive turn from boom to consolidation.

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