Find Property and Real Estate expertise in Jamaica

The property market in Jamaica has subdued since 2008. Independent observers identify security concerns as one of the key factors. However, the overall growth of the property and real estate market in Jamaica has been consistent. Figures from Jamaica-real-estate.net indicate that between 1998 and 2008, property prices rose by more than 40%.

The mortgage market in Jamaica operates on prudent principles and loans are not easily obtained because of the high level of collateral required. The international credit crisis that struck in 2008, combined with Jamaica’s high debt-to-GDP ratio, exacerbated existing limitations with regards to accessing external funding from international capital markets.

The government offers various levels of incentives for investments, based on the size of the development. A hotel with over 350 rooms is entitled to duty free importation of items needed in the construction of the hotel, as well as a 15-year period of non-taxation; details are set out in the Hotel Incentive Act.

The World Bank Ease of Doing Business Index (2011), ranks Jamaica 105th out of 185 countries for registering property. The World Economic Forum, Global Competitiveness Report (2012-2013) gives Jamaica a moderate score of 4.2 out of 7 for property rights (including financial assets), just below the world average of 4.3. This indicates that property rights in the country are fairly good and puts Jamaica in 72nd place out of 144 countries worldwide.

Foreign ownership of property has no restriction in Jamaica and is being promoted as a good place to buy property in the Caribbean given its thriving tourism industry. Purchases of real estate generally involve the services of an attorney-at-law who protects the buyer’s interests and secures the terms on which the property is bought.

Property and Real Estate organisations in Jamaica
A S James & Associates
Alexander C D Co. Realty Ltd
Allison Pitter & Co.
Archstone Real Estate
Arizona Jamaica Ltd
Bevad Ltd
Bevad Management Services Ltd
Breakenridge & Associates
Cal Property Investments
Cassie Property Resources Ltd
Century 21 Heave-Ho Properties
Certified Property Managers
Clarke V G Realty
Coldwell Banker Jamaica Realty
Declan Real Estate Co. Ltd
Dixon Theo M
Factories Corporation of Jamaica Ltd
FourWay Properties Ltd
Global Property Services Ltd
Grayhard Real Estate Co. Ltd
H & R Developers Ltd
Henry Rose & Associates Ltd
Hope Codlin & Associates Property Services
Howard Johnson Realty
Island Homes Ltd
Jamaica Property Co. Ltd
Jamaica Rental Co. Ltd
King's Rental & Real Estate Agency
La Maison Property Services Ltd
McEachron & Clarke Real Estate
Mullings Allen Real Estate Ltd
Oliver's Property Services
Parkes Realtors & Associates Ltd
Phillips & Associates
Property Agents Ltd
Property Servs Ltd
Realtors (Intl) Ltd
Remax Elite
Richard James Associates Ltd
Sagicor Property Services
Scorpio Investments & Realty Ltd
Scott's Realty Ltd
Shields Development Co. Ltd
Stroll Property Services
Tavares D C & Finson Realty Ltd
Tony Walker Construction Realty Ltd
Valerie Levy & Associates Ltd
Victoria Mutual (Property Services) Ltd
Williams V B Realty Co. Ltd