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.
