Realty Check

NHT introduces new housing initiatives Thursday, September 10, 2009 PAID-UP contributors interested in owning a National Housing Trust (NHT) unit will no longer have to struggle to find a deposit, under one of five new initiatives that the institution rolled out yesterday aimed at making homeownership more affordable. Senior NHT officials, who made the announcement [...]

By Julian Richardson Friday, August 28, 2009 Principal and executive chairman of Gore Developments, Phillip Gore, called on Government to double the National Housing Trust (NHT) loan ceiling to $7 million. The NHT currently offers loans of up to $3.5 million at annual interest rates of between two and eight per cent to individuals who [...]

BY Alicia Dunkley Observer staff reporter dunkleya@jamaicaobserver.com The Government yesterday made another attempt to stimulate Jamaica’s flagging real estate market by moving the original January 1, 2010 implementation date for the further reduction in stamp duty and transfer tax fees to August 1 this year. In May of 2008, the administration announced that Stamp Duty [...]

With Cherryl Hanson-Simpson Thursday, July 09, 2009 In challenging times there are always tremendous opportunities for smart investors to make profit. Despite the fact that we are in the middle of a reported recession, there are several ways to earn good returns from investing in Jamaica. Right now, money market instruments are yielding attractive interest [...]

Wednesday, June 24, 2009 The National Environment and Planning Agency (NEPA) has given Gore Developments Limited an environmental permit to commence a housing development at Florence Hall, Trelawny. In June, NEPA decided to grant the developers with the permit that will allow them to construct 828 two-bedroom units each with 74.3 square metres (800 square [...]

Published: Sunday | May 31, 2009 Avia Collinder, Business Reporter It may not be the best of times to be shopping for a home in Jamaica. In general, it is more difficult to qualify for a mortgage now, as lenders attempt to deal with increasing loan defaults, clamping down on new credit in the process. [...]

Published: Friday | April 24, 2009 Sabrina Gordon, Business Reporter RBTT Jamaica, the nation’s third-largest bank by assets, is set to enter the residential mortgage market by the end of the calendar year, a service already being offered by sister operations in the wider Caribbean. But the Minna Israel-led bank enters a market that is [...]

As I watched the Budget Debate from the Small Business Association of Jamaica (SBAJ), it was a sigh of relief when I heard the Minister of Finance, Hon. Audley Shaw, announce that consistent with the direction the GOJ promised before coming in to power, the Transfer Tax will be further reduced to 4% and the [...]

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 [...]