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Dec 23, 2011

Landlords of Jamaican residential rental property unhappy

Last Updated: Dec 23, 2011
TRINIDAD - Apartments	COST (US$)		YIELD (p.a.)	PRICE/SQ.M. (US$)
TRINIDAD - Apartments	TO BUY	MONTHLY RENT	YIELD (p.a.)	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.

Trinidad and Tobago - more data and information

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