Jamaica is quietly showing a very strong improvement in its real estate market, according to the newest report from Integra Realty Resources.
Property transfers in Jamaica reached $665.5 million in 2015, which represented an increase of $9.3 percent, according to the report.
The increase in transfer volume, which has been steady since 2009, seems to have correlated with a drop in the value of the Jamaican dollar.
Property transfer data comes from numbers provided by the National Lands Agency in Jamaica.
The report was compiled by Integra Realty Resources’ James V. Andrews.
— CJ Staff