Real Estate Investors Urged To Diversify

• Real estate investors are being urged to diversify into other industries, in order to create the levels of economic expansion that will support continued growth in the sector. 
• The advice comes from State Minister in the Ministry of Industry, Investment and Commerce, Dr. the Hon. Norman Dunn, who pointed out that such investment would create wealth for Jamaicans, who could then put their money into real estate. 
• “What good are new houses, apartments, offices and factories if we do not build other industries at the same time, so that people have the financial resources to acquire real estate?” he asked, while addressing the Annual General Meeting of the Realtors Association of Jamaica (RAJ) at the Terra Nova Hotel All-Suite Hotel in St. Andrew on June 22. 
• He noted that while “investment from foreign direct investors can support this process, there is also a place for Jamaicans to commit to nation-building by actively engaging in direct investments to different industries”. 
• There are also opportunities in areas such as agro-processing, light manufacturing, and in finalising goods for export. Therefore, domestic private sector investments in these areas can ensure growth to sustain the current expansion being witnessed in the real estate industry.

(Source: JIS News)