https://wihconproperties.com/wp-content/uploads/2023/04/Market-update-jan-mar-2023.mp4 Real Estate Market Update 1st Quarter 2023 Background Economic Conditions In January The Statistical Institute of Jamaica reported that Inflation in 2022 was 9.4%. Earlier in 2022 the rate of inflation was over 10% due to higher freight costs and devaluations in the aftermath of the Covid-19 pandemic. This welcomed return to inflation rate […]

https://wihconproperties.com/wp-content/uploads/2023/01/Copy-of-POSTER.mp4 Real Estate Market Update 4th Quarter 2022 Background Economic Conditions On December 19, 2022, The Bank of Jamaica reported there were $228 Billion Dollars in circulation. This represented a three percent increase over the same pre-Christmas period in December 2021. With inflation estimated at 8-9 percent during 2022, and economic growth forecasted at four […]

Real Estate Market Update First Quarter 2021 Economic Condition Reuters, a major international news service reported on March 1 the following; “The prospects for an immediate economic recovery in the face of a slow vaccine roll-out are dim, said Therese Turner-Jones, general manager of the Caribbean Country Department for the Inter-American Development Bank. “It’s going […]

During the first half of 2020 the vibrancy of construction in the real estate sector continues, especially in the major urban areas. Kingston 5,6,8,10 and 20 along with the outskirts of Montego Bay, Mandeville, Spanish Town and Ocho Rios. Projects sponsored/promoted by government agencies – National Housing Trust and Housing Agency of Jamaica for middle […]