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 […]

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 […]