Jamaica - prices stable, yields high
| Last Updated: Dec. 20, 2013 | |||||
| KINGSTON & ST. ANDREW - Apartments | COST (US$) | YIELD (p.a.) | PRICE/SQ.M. (US$) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 1 BR | 91,442 | 737 | 9.67% | n.a. | n.a. |
| 2 BR | 143,852 | 1,403 | 11.70% | n.a. | n.a. |
| 3 BR | 188,749 | 2,082 | 13.24% | n.a. | n.a. |
| KINGSTON & ST. ANDREW - Houses | |||||
| 3 BR | 299,092 | n.a. | n.a. | n.a. | n.a. |
| 4 BR | 365,558 | n.a. | n.a. | n.a. | n.a. |
| 5+ BR | 395,789 | n.a. | n.a. | n.a. | n.a. |
| Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule | |||||
Prices of apartments and houses have continued stable in Kingston and St Andrews during 2010, continuing the trend of 2009. The exception is a decline in the prices of the largest houses, which fell sharply between 2008 and 2009.
A 3-bedroom apartment in Kingston and St Andrews would cost around US$240,000.
A 3-bedroom house in Kingston and St Andrews would cost around US$330,000.
Gross rental yields remain very strong, especially on apartments, with 2 bedroom apartments reaching yields of around 10%. This would seem to suggest that Jamaica's residential property market is firmly-based.
Stay updated with global real estate markets
Get the data behind 88 countries for $99 per month.
Latest Market Reports
Rental Yields
House Price Indices
Rent Price Indices
Square Meter Prices
Median Property Prices
Median Rent Prices
Mortgage Rates
Property Taxes
Quarterly Trackers
Quarterly Market Overviews