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Dec 23, 2011

Landlords of Jamaican residential rental property unhappy


Last Updated: Dec 23, 2011
TRINIDAD - Apartments COST (US$) YIELD (p.a.) PRICE/SQ.M. (US$)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
120 sq. m. 280,080 1,607 6.88% 2,334 13.39
250 sq. m. 570,750 3,423 7.20% 2,283 13.69
TRINIDAD - Houses
300 sq. m. 681,000 3,885 6.85% 2,270 12.95
700 sq. m. 1,316,700 n.a. n.a. 1,881 n.a.
Blanchisseusse Beach,Cascade, Englishman´s Bay, Glencoe, Goodwood Park, Maraval, Mount Irvine, Petit Valley, St. Ann´s, St. Clair, Westmoorings
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

During 2010 rents fell quite dramatically in Trinidad. Rents are now in some cases half what was offered only 1 year ago. To take a couple of examples, rents now average US$1,000 for 120 square metre apartments, and US$1,800 for 300 square metre apartments – nice for tenants, disappointing for landlords. Gross rental yields levels are lower than ever seen in Jamaica, during 6 year history of data-gathering at the Global Property Guide.

 




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