| You would expect that Jamaica real estate prices | | | | Admittedly, we had some concerns of bureaucracy in |
| would be quite high, considering the posh hotels and | | | | the past, but with concerted pressure on the |
| resorts, the elegant restaurants, and quite frankly, | | | | government from real estate developers, |
| just the brand name 'Jamaica', but actually it is not so! | | | | tremendous work has been done and the process |
| Leading realtor, Andrew Issa, was quoted as saying | | | | has gotten a lot smoother. |
| that currently purchasers get more 'bang for the | | | | Very soon, it is expected that Jamaica will solidify its |
| buck' on real estates as opposed to other Caribbean | | | | position as having the best real estate properties in |
| islands. Meaning that you get a lot more real estate | | | | the Caribbean. Mr. Issa identified the huge |
| for the money in Jamaica. | | | | investments that are being made in the country's |
| There should be no surprise therefore, of the | | | | infrastructure as the driving force. |
| increasing number of foreigners who are showing | | | | He stated that "the infrastructure upgrade that is |
| heated interest in Jamaican properties. I recall a | | | | taking place will drive our market. The airport |
| recent article in one of our notable newspapers, the | | | | upgrades, the highways and the new water system |
| Jamaica Observer reporting that over 55% of all real | | | | for the North Coast all are coming together to |
| estate transactions in Jamaica are completed with | | | | improve the country", "plus, we are blessed with the |
| overseas clients! | | | | most beautiful island in the Caribbean. We have an |
| General Manager of JN Real Estate Signature Homes | | | | authentic history, culture, and people." |
| and Properties, Jacqueline Peat-Smith, not so long ago | | | | In terms of the high-end resort market, the Palmyra |
| stated that "demand, especially from people returning | | | | Resort development in Rose Hall, Montego Bay and |
| home from Britain wanting to build primarily in | | | | the Chris Blackwell's development, Goldeneye in |
| Trelawny, St James, St Ann, St Thomas, St | | | | Oracabessa, St. Mary stands out. |
| Catherine, Manchester, St Mary and St Elizabeth, was | | | | Jamaica real estate is still the jewel of the Caribbean, |
| far outstripping supply. | | | | and will remain so as we propel our country forward. |