Price/Rent Ratio in Jamaica compared to Latin America

This price-to-rent ratio helps assess whether it is more cost-effective to buy or rent a home in a given market. A high price-to-rent ratio suggests that buying a property is more expensive relative to renting, whereas a low ratio indicates that buying may be more favorable than renting.

  • Price-to-Rent Ratio below 16: It's generally cheaper to buy a home than to rent.
  • Price-to-Rent Ratio between 17 and 20: The cost of buying and renting is roughly comparable.
  • Price-to-Rent Ratio above 21: It's generally cheaper to rent than to buy.
Last updated June, 2024
Argentina 22 yrs
Chile 21 yrs
Brazil 18 yrs
Mexico 18 yrs
Peru 17 yrs
Panama 16 yrs
Uruguay 15 yrs
Dom. Rep. 15 yrs
Puerto Rico 14 yrs
Colombia 14 yrs
Costa Rica 14 yrs

Jamaica real estate data, including prices, rents, and sizes in square meters, has been compiled and analyzed from the following sources:

  • Properstar
  • Statistical Institute of Jamaica

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