Why Buy a Property in Jamaica.

Jamaica is undoubtedly the most cultural island of the Caribbean.

It is scenic, beautiful, renowned for creating reggae music, white sandy beaches, and the warm hospitality of the Jamaican people.  Owning property in Jamaica is attractive not just for returning residents who want to come back home, but for many young professionals; whose desire is to have a second home in the Caribbean.

The Caribbean and Jamaica in particular, represents great value for money.  Property prices are cheap and represents substantial value for money compared to property prices abroad. Many foreigners can buy that luxurious property in Jamaica, which they can only dream of owning in their own countries of residence. The world is now a more cosmopolitan place, people are happy to explore new horizons, new places.  Jamaica is a popular destination and has in excess of 2 million visitors every year and a proportion of those visitors simply fall in love with the island and want to live there. Global technology now means that anyone can work with relative ease from almost any part in the world, so why work in snow and rain when you can easily work flexibly on a picturesque island basking in hours of natural sunshine, at a pace and time which suits you.

Many thousands of Jamaicans migrated to Great Britain, the United States and Canada in the 1950‘s and 1960’s with the aim of seeking a more prosperous life abroad.  Since the day of their departure from their motherland, many have dreamed of returning home to their island. Many immigrants have had a successful and fulfilling life abroad, had many formative years contributing to the success of first world states. However many have dreamed of returning home to the island they left many years ago, some seek to retire to the Jamaica they left some 30 or 40 plus years ago only to find that the Jamaica they left is a different Jamaica now. Others seek to come to Jamaica for a more relaxed lifestyle following many years of participating in “the rat race” abroad.

Some discerning lawyers and real estate agents deliberately target returning residents and other foreign nationals, solely on the perception that they have large disposable foreign cash which can be easily converted at relatively high exchange rates, and equate to tens of thousands of Jamaican dollars (JM$).  In recent years the value of the Jamaican dollar has plummeted against first world currencies of the Great British Pound, the US and Canadian dollar. This now means that these foreign currencies are worth significantly more than the Jamaican dollar. Therefore, most Jamaicans view foreigners as very rich, affluent people, whom can become easy targets for scams when buying and selling property in Jamaica.

My aim is to give you all the secrets to buying and selling a property successfully in Jamaica and to tell you what lawyers and estate agents don’t tell you in Jamaica.  I will give you strategies that will empower you to successfully buy or sell a property in Jamaica whilst minimising your risk of falling for scams that will lose you your money.