Realty Check

Be Aware! 1. Google Ranking You receive an email offering you a Top 10 ranking on Google, promising you this ranking in just a matter of a few days. Scam! How can any company offer 1000 agents a top 10 rank on Google when there are only 10 possible ranking positions! //

The National Housing Trust (NHT) is pouring substantially more billions into housing this year, using a portion of the investment to launch close to five thousand new housing starts in a bid to fill what is now seen as a void in the market as developers retreat in the face of economic uncertainty. NHT boss [...]

Published: Wednesday | April 15, 2009 Dionne Rose, Business Reporter The Chens have shuttered two St. Andrew stores in the family-owned grocery chain Super Plus and sent home 89 staff, who had their last days on the job last week Wednesday and Thursday. The closures happened in New Kingston and Liguanea, both in St Andrew. [...]

King Street branch sold for $128m – Has two more properties to offload Published: Wednesday | April 15, 2009 Dionne Rose, Staff Reporter National Commercial Bank (NCB) is selling to the Government the building that used to house its shuttered King Street branch and has on the market two other bits of real estate – [...]

Gov’t starts outlining reductions in budget BY ALICIA DUNKLEY Observer staff reporter dunkleya@jamaicaobserver.com Wednesday, April 15, 2009 The Government yesterday gave the first detailed outline of the deep cuts it intends to make to this year’s budget. The administration told the Standing Finance Committee of Parliament that the Real Estate Board and the Firearms Licensing [...]

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Written by Sherie Ranston Realtor Associate at Howard Johnson Realty Since the major crash of various investment schemes, coupled with the swift global recession which invariably affects us here in Jamaica, there has been a serious “hoarding”. The Real Estate Market activity has slowed down. On the surface, it is easy to understand the reasons [...]

Sort of, but not like in the US, say Realtors By Julian Richardson Assistant business co-ordinator richardsonj@jamaicaobserver.com Sunday, April 12, 2009 There are deals to be had in Jamaica’s residential real estate market, but Realtors say they are not as widespread nor as ‘eye-popping’ as in the US, where that country’s real-estate crash has made [...]

So you’ve worked hard, and finally the time has come to find the right place worthy of your years of earnings, to call home. Better yet, you’re still years away from retirement, but yearns for an occasional “island escape” so a vacation home in “paradise” has been a recurring dream of yours. Alas! It’s the [...]

COREY ROBINSON, Observer staff reporter robinsonc@jamaicaobserver.com Thursday, April 02, 2009 WHEN the heavy tractors and trucks move in to start construction on the new housing complex in Stadium Gardens, St Andrew, 56-year-old Paul Moodie will have to find alternative shelter for himself and his family. David Chung (left), chairman of the board of the Housing [...]