Real Estate Market Update 4th Quarter 2025 Background Economic Conditions and Outlook Monetary Policy and Macroeconomic Assessment The Monetary Policy Committee (MPC) of the Bank of Jamaica (BOJ) has decided to maintain the overnight policy rate at 5.75% for the current reporting quarter. Revised Economic Growth Forecast A significant contraction in the Island’s Gross Domestic […]

Real Estate Market Update 3rd Quarter 2025 Background Economic Conditions and Outlook According to the Monetary Policy Committee (MPC) of the Bank of Jamaica (BOJ) in its September 2025 meetings reported its unanimous decision to retain its policy rate at 5.75% citing continuous low inflation and global uncertainties. The Country reflected a record low headline […]

Real Estate Market Update 2nd Quarter 2025 Background Economic Conditions and Outlook A review of the Monetary Policy Discussion and Decision (MPD) of May and June 2025 revealed that the country’s inflation rate since September 2024 continues within the Bank of Jamaica (BOJ) target range of 4 – 6 per cent. Reports from the Statistical […]

Real Estate Market Update 1st Quarter 2024 Background Economic Conditions A review of the Monetary Policy Discussion and Decision (MPD) of February and March 2024 revealed that the inflation rate experienced by the Jamaican economy had a high of 7.4 percent in January 2024 and a marginal decrease of 6.2 percent in February 2024. However, […]

Real Estate Market Update 4th Quarter 2023 Background Economic Conditions A review of the Bank of Jamaica Policy Report for November 2023 highlighted the following:The inflation target of 4-6 percent was established by the Minister of Finance and the Public Service in consultation with Bank of Jamaica in April 2021. The Bank uses a variety […]

https://wihconproperties.com/wp-content/uploads/2023/10/Real-Estate-Investment.mp4 Real Estate Market Update 3rd Quarter 2023 Background Economic Conditions Stakeholders in the private sector are calling on the Government of Jamaica to communicate and act swiftly to allocate the gains from the country’s macroeconomic program, which resulted in the highest credit rating ever from Standard and Poor’s Global Rating (S&P Global) since it […]

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 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 […]