Jamaican Real Estate is in strong demand

Compared to all other islands Jamaica and more specifically, the parish of St. Ann has several developments taking place all at once to enhance the marketability of the country.

Palace Resorts is renovating the Jamaica Grande buildings
The cruise ship pier is renovated
Sagicor is building a $1billion water park in Runaway Bay
The Kingston to Ocho Rios highway is being built
Three major housing developments are being completed, Richmond Estate, Hartland Estate and Drax Hall Country Club.
Fern Gully roads have been completed
The Progressive Grocers will be opening a new upscale supermarket
Two new shopping centers will be opening
The launch of a new submarine tour in Ocho Rios
Margaritaville Ocho Rios has been revamped with new better menus and management

These are some of the major developments happening in St. Ann.  The good thing about St. Ann is that the most recent crime stats were published and St. Ann is among the lowest regions in the island and the Caribbean for major crime.

Investors take note.

Who has started to invest in Jamaican Real Estate?

http://jamaica-gleaner.com/gleaner/20130331/business/business82.html

This link will take you to the article posted on the Jamaican Gleaner today.  It will show you that Proven Wealth Management has started to increase its investments in Real Estate. 

Real Estate is proving to be one of the best hedges against inflation and the IMF.

Jamaica is now ripe for the picking. There seems to be an increase in investor awareness of the high returns in real estate over the past recent years.  Values will continue to go up over the next 5 years.  Investors who purchase now will benefit in the next 5 years.

Cyprus has set the template for every investors nightmare.

Do not delay, Real Estate prices are at an all time low right now and will only increase in values.

If you need statistical figures please let me know or you can visit my website; www.meldamrealty.com

Rory Marsh
Meldam Realtors
Real Estate in Jamaica and the world

ON A POSITIVE NOTE: Reduction in GCT from 17.5% to 16.5% will keep a small sum of money in your pockets if you are purchasing or selling a home.

ON A POSITIVE NOTE: Reduction in GCT from 17.5% to 16.5% will keep a small sum of money in your pockets if you are purchasing or selling a home.

Rory Marsh

Land and homes for sale
Meldam Realtors
Jamaica
http://www.meldamrealty.com/

Urgent Real Estate update for Jamaica

At the start of the second week in March 2012 Real Estate enquires have increased by 30%. Other brokers have also noticed about a 20% increase. This is a good sign for Real Estate in Jamaica.

What can we attribute this to?

1) Crime has been under control
2) Interest rates for mortgages continue to trend down to new lows of 9.4%. This is coming from 14% just over 1 year ago.
3) The rebound of the American market
4) Canada having a strong Real Estate market and economy
5) Jamaicans in the UK are realizing that Jamaica is a very positive option for their years after retirement based on the current riots and downward trending economy in some European countries.
6) Land and home prices continue to appreciate
7) The demand is VERY strong for detached 2 & 3 bedroom homes priced between 7 and 12 million Jamaican dollars, and residential lots priced between 2.5 to 4 million Jamaican dollars.

If there is any time to invest in Real Estate the time is now. On the north coast, hotel middle to lower level staff need 1 bedroom units to rent. Prospects are currently put on waiting lists until units become available.

Current high demand areas in Jamaica:
Kingston
Ocho Rios
Montego Bay

Rory Marsh
Realtor
Meldam Realtors
Ocho Rios, Jamaica
rorymarsh@yahoo.com
876-277-2934

Home Tips by Rory Marsh

Home Tips

Keep a multi-purpose fire extinguisher in the kitchen and on each floor of the house. Inspect and recharge if pressure is below the operating range. Review a fire escape plan with your household.

Trim trees and remove dead branches. Bad weather can cause weak limbs to break, damaging property or causing injury. Use care and consult a professional tree service for large jobs.

Mow lawns in the morning or evening. Deep watering, in the morning, is better for your grass than frequent, shallow watering.

Jamaica Gleaner News - Best places to live in St Mary - Outlook - Sunday | May 3, 2009

Jamaica Gleaner News - Best places to live in St Mary - Outlook - Sunday May 3, 2009

Real Estate opportunities in Jamaica for 2012

It is very clear that one of the key indicators of what makes the real estate market grow is the creation of jobs. Where significant jobs have been lost the value of real estate goes down and foreclosures begin. On the flip side once new jobs are created the value of real estate goes up and the overall demand increases.
How does this affect Jamaica. On the north coast there are more hotels being added, therefore there are more jobs being created. As a result of more jobs from the hotels the demand for real estate continues to be on the incline. With regards to the south coast of Jamaica. Bauxite, IT and Telecommunications are currently increasing production. Therefore more jobs are being created and as such the real estate market is on the rise.
Because the crime rate has fallen in Jamaica the diaspora have realized that Jamaica is now a viable alternative for retirement. These are the things which contribute to the values of real estate appreciating in Jamaica. (In short, increase in jobs and reduction in crime boosts real estate development)
Rory MarshMeldam RealtorsOcho Rios, Jamaica