Jamaica actual estate “reviving”
The Jamaica actual estate industry is reviving, according to the country’s national constructing society, just after interest grew at a current property show in Florida.
The occasion, which was held at the end of last month, had 400 attendees and “received an overwhelming response” from Jamaicans living in the state, reports South Florida Caribbean News.
Speaking at the event, Wanica Purkiss of the Jamaica National Building Society explained that interest rates are now at a 30-year low, with developers “exploring lowered building expenses” and the government decreasing transfer tax and stamp duty to entice buyers.
One particular representative mentioned it was a good sign for the Jamaican industry that “a number of persons wanted to learn much more about the availability, cost, location and sorts of housing and property investment opportunities that exist in Jamaica.”