Investing In Jamaican Real Estate: A Lucrative Opportunity for The Diaspora

• As preparations ramp up for the highly anticipated 10th Biennial Jamaica Diaspora Conference, seasoned professionals in the real estate sector are extending a compelling invitation to Jamaicans abroad to Invest in Jamaica’s burgeoning real estate market.
• Newton Johnson, President of the Realtors Association of Jamaica (RAJ), and Petal Hall, Group Sales Executive at The Jamaica National Group and Realtor Associate with JN Properties Limited, are advocating for this timely opportunity despite recent shifts in mortgage rates.
• Johnson and Hall underscore the opportune time for overseas Jamaicans to invest in the local real estate market. Even with the recent increase in mortgage rates, they maintain that Jamaican property investments offer considerable return potential.
• Johnson points out four main factors that favour such investments, particularly noting the significant capital growth seen in the Jamaican real estate sector. He highlighted Jamaica’s stable political and economic landscape, and the predictability it offers to investors, versus regions affected by conflicts that often lead to economic downturns. Johnson also spoke to the stability of Jamaica's inflation rates, which is vital for sustained economic growth, and the competitive prices of Jamaican real estate relative to other Caribbean locations, increasing its appeal to investors.
• As discussions on Jamaica’s real estate sector gain momentum, Johnson and Hall invite participants to explore further insights at the upcoming Biennial Jamaica Diaspora Conference.

(Source: Caribbean National Weekly)