Tuesday, October 23, 2012

Housing market in Jamaica recovers

The housing market in Jamaica has been on a minor upswing. Demand for mid to upper priced homes worth J$25 million (US$ 277,000) and above has risen, encouraged by declining loan rates and competition in the mortgage market. Professionals, pension funds, and individual buyers, some first-time buyers, are expressing interest in in J$25 million (US$ 277,000) -worth homes Kingston 6, Kingston 8, as well as some parts of Kingston 9.

The Realtors Association of Jamaica notes that Multiple

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