Jamaica - prices stable, yields high

December 20, 2013

Last Updated: Dec. 20, 2013
KINGSTON & ST. ANDREW - Apartments COST (US$) YIELD (p.a.) PRICE/SQ.M. (US$)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
1 BR 91,442 737 9.67% n.a. n.a.
2 BR 143,852 1,403 11.70% n.a. n.a.
3 BR 188,749 2,082 13.24% n.a. n.a.
KINGSTON & ST. ANDREW - Houses
3 BR 299,092 n.a. n.a. n.a. n.a.
4 BR 365,558 n.a. n.a. n.a. n.a.
5+ BR 395,789 n.a. n.a. n.a. n.a.
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

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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.