Category: Returning Residents

Realtors Association of Jamaica (RAJ) to Introduce Multiple Listing Service to Jamaica »

The Multiple Listing System (MLS) may be familiar to those of you from the USA and Canada, but may be a bit of a mystery to those from elsewhere. The basic idea of the MLS is that all the (RAJ) Member firms have agreed to share their property listings and work together on all MLS [...]

Why Jamaicams Run So Fast »

GOV’T BRINGS FORWARD REAL ESTATE TAX CUTS TO AUGUST 1 »

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 [...]

Smart Real Estate Investing »

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 [...]

GORE Gets Permit for 800-Unit Trelawny Housing Development »

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 [...]

Countries Attempt to Lure Foreign Buyers »

As countries worldwide face declining real estate sales, a growing number are easing restrictions that prevent foreign ownership of property. For instance, Beijing suspended a one-year residency requirement for foreign nationals who want to buy a home. In March, the Cayman Islands lowered transfer taxes from 7.5 percent to 5 percent on waterfront properties, and [...]

Townhouse in Mandeville For Sale »

Is It A Good Time To Buy? »

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 [...]

Retiring in Jamaica, a safe property investment to call home! »

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 [...]