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Dec 08, 2011

Jamaica – prices stable, yields high

			Last Updated: Dec. 08, 2011
KINGSTON & ST. ANDREW - Apartments	COST (US$)		YIELD (p.a.)	PRICE/SQ.M. (US$)
KINGSTON & ST. ANDREW - Apartments	TO BUY	MONTHLY RENT	YIELD (p.a.)	TO BUY	MONTHLY RENT
1 BR	103,524	870	10.08%	n.a.	n.a.
2 BR	168,534	1,369	9.75%	n.a.	n.a.
3 BR	303,244	2,359	9.34%	n.a.	n.a.
KINGSTON & ST. ANDREW - Houses
3 BR	340,042	n.a.	n.a.	n.a.	n.a.
4 BR	542,775	n.a.	n.a.	n.a.	n.a.
5+ BR	574,545	n.a.	n.a.	n.a.	n.a.
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

Prices of apartments and houses have continued stable in Kingston and St Andrews during 2010, continuing the trend of 2009. The exception is a decline in the prices of the largest houses, which fell sharply between 2008 and 2009.

A 3-bedroom apartment in Kingston and St Andrews would cost around US$240,000.
A 3-bedroom house in Kingston and St Andrews would cost around US$330,000.

Gross rental yields remain very strong, especially on apartments, with 2 bedroom apartments reaching yields of around 10%. This would seem to suggest that Jamaica’s residential property market is firmly-based.

Jamaica - more data and information

Comments

#1 LOWAYNE | July 08, 2010

i need a house to rent or buy in western jamaica

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