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Dec 08, 2011

Jamaica – prices stable, yields high


Last Updated: Dec. 08, 2011
KINGSTON & ST. ANDREW - Apartments COST (US$) YIELD (p.a.) PRICE/SQ.M. (US$)
TO BUY MONTHLY RENT 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.

 




Comments

#1 LOWAYNE | July 08, 2010

i need a house to rent or buy in western jamaica

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