Property values on luxury housing in Jamaica are among the best found in the Caribbean Islands, according to an article today in The New York Times. Properties that would sell between $8 and $10 million on other islands are listed from $1 to $3 million in Jamaica. Finding out why and whether it works for you is just a click away.
“The money dried up, and a lot of people weren’t able to complete their real estate transactions,” she said. From mid-2008 to 2010, some prices dropped by more than 50 percent, Ms. Cumming said. Inexpensive and mid-price houses have largely rebounded, but luxury sales continue to lag, making it a buyers’ market, brokers said.