June 1, 2008

Real Estate in Jamaica West Indies


Suiteheart of a deal at Sandals Resorts

Real estate properties, comparing to our neighboring territories in the Caribbean is rated third in terms of expensive properties.

Developments in the north coast areas are moving up tremendously, due to properties such as Palmyra in Montego Bay and Golden Eye in Oraccabessa.

Properties are normally more expensive in resort areas such as Negril, Ocho Rios and Montego Bay. Some areas of Kingston such as 6, 8 and 5 which includes Jacks Hill, Cherry Gardens and Norbook.

The most expensive real estate area though would be Montego Bay. Montego Bay is the hub of tourism on the Island of Jamaica, real estate in this area has grown in value because of the type of multiple income opportunities. In the past most properties were centered in certain areas in the surroundings of the Sangster’s International and the Hip strip, but this has change because of the eco-tourism and you will find the construction of guest houses is booming.

Most properties in Montego Bay are being bought by hotel owners, movie stars and big investors. This caused most properties to go up exorbitantly so therefore some communities near these areas have been affected; prices are almost out of the reach most locals.

Tags: Real Estate In Jamaica West Indies | Jamaica Real Estate | Jamaica Property | Real Estate In Jamaica |

1 comment:

vvs said...

What kind of shops are available for equipment, food and clothing? There are several important repository of full-service hardware building materials. Jamaica has two supermarket chains and many independent stores. Good quality clothing stores can be found throughout the city, however, the selection is more restrictive than the United States.

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