Real Estate Market Update 2nd Quarter 2022 Background Economic Conditions The Jamaican economy continues to recover from the contraction that took place during the Covid pandemic of 2020-21. Inflation at the end of April was appx. 11.7 percent annualized. There are reports that the annualized rate at May was reduced to 9%. Both rates are […]
Home is where the heart lives and your space is your creation of paradise, no matter the size, you deserve comfort. Having a small space does not eliminate you from achieving your perfect home. Some of the same techniques used to decorate a large space are used, to decorate your small one. All it […]
Real Estate Market Update 1st Quarter 2022 Background Economic Condition The cost of many commodities have been increasing due to a breakdown in logistics worldwide during the past 30 months. This situation has been exacerbated by the Russia/ Ukraine war. For example, in early March crude oil has reached its highest price in a decade […]
Real Estate Market Update 4th Quarter 2021 Economic Condition Entertainment is a significant source of income for person in the “informal sector.” The productivity of labour has declined during the past 20 months. The major factors are: Curfews Work from home mandates and Enterprises are operating with less flexibility. As a result, the government announced […]
Real Estate Market Update 3rd Quarter 2021 Economic Condition The Statistical Institute of Jamaica (STATIN) recently published its August 2021 Consumer Price Index report. The findings revealed that the Consumer Price Index for the period August 2021 increased by 0.9 percent, while the point-to-point (August 2020-July 2021) inflation rate was recorded at 6.1 percent. This […]