The island of “One Love,” Jamaica is a unique destination unlike any other in the Caribbean with a vibrant property market enjoying tremendous growth.
If you are currently considering investing in real estate in Jamaica but you are wondering “where are the best places to buy property in Jamaica?” or “how do I go about owning property in Jamaica as a foreign buyer” then this guide is for you.
Our guide takes you through the process of buying property in Jamaica from beginning to end, including an introduction to the real estate market, the buying process and the taxes you will need to be aware of.
From the cool hills of the Blue Mountains to the white sands of Montego Bay, Jamaica is simply stunning. Its landscape seduces the senses and has lured Hollywood royalty for decades. Marlene Dietrich, Marilyn Monroe, and Sophia Loren count among those who are known to have fallen in love with the island.
Jamaica’s idyllic beaches, crystal clear sea, cascading waterfalls and lush mountainous backdrops have made the island the destination of choice for countless weddings, honeymoons, and family vacations. In 2018 a record 2.47 million stopover visitor arrivals were welcomed by this Caribbean powerhouse located almost halfway between the Cayman Islands and the Dominican Republic.
With championship golf courses, restaurants and spas catering to those who plan on staying for longer than a vacation, there is also a well-established real estate market in Jamaica. There are several prestigious gated communities with luxury homes available, including beachfront property and villas overlooking golf courses in locations including Montego Bay, Negril, Ocho Rios, Port Antonio, Runaway Bay, and St Ann.
Why Invest in Jamaica?
It’s well-established and vibrant real estate market with a wide range of offerings from new construction affordable apartments to elegant luxury gated communities.
2. High rental income generating potential thanks to a powerful tourism sector and a strong domestic rental market.
3. One of the most accessible destinations in the Caribbean with direct flights to Jamaica from Europe, the USA and Canada to international airports in Kingston, Montego Bay and St. Mary.
4. Hugh investment in tourism related projects, with strong pipelines of new residential developments, hotels and resorts.
5. Beautiful and landscape, with cascading waterfalls and rushing rivers winding through misty mountains down to miles of white sandy beaches.
6. Fun for all the family with excellent facilities from golf, tennis, and horseback riding to all kinds of watersports such as kayaking, river rafting, surfing, scuba diving, snorkelling, river tubing. 7. Stable political environments with a vibrant democracy and one of the region’s largest economies.