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Our FAQ page answering all your questions about real estate in Jamaica
How to place a property ad to sell or rent out real estate in Jamaica?
How to buy a property in Jamaica?
Everyone can buy a property in Jamaica. Actually it is done in 3 easy steps: Step 1: Search and find your property in Jamaica; Step 2: Contact the seller; Step 3: Make an offer. If the seller accepts your offer, he or she will guide you through the purchasing process.
How much does it cost to build a house in Jamaica in 2020?
Depending on what you want or what you need, the cost of a house can range between $70 USD (low-end finish) up to $150 USD (high-end finish) per square feet. Typically, most people are looking for a 2- or 3-bedroom house in Jamaica. A 2-bedroom house is usually built on 900 square feet. Therefore the cost would be approximately: $63,000 USD up to $135,000 USD. These prices are median cost estimations based on regular construction offers between the year 2019 and 2020. Please keep in mind that you can spend way less and even way much more if your requirements are away from mainstream house builders.
How much does rental of an apartment cost in Jamaica in 2020?
Rental prices for apartments and houses in Jamaica vary very much. The price will mainly be defined by the location. A 1-bedroom apartment in up-town Kingston can start from 500 USD and go up to 2,000 USD per month. For the same price you can rent a whole house elsewhere on the island. Villa rental prices in Jamaica vary even more. You can find outstanding villas for 3,000 USD a night or monthly rentals up to 55,000 USD. There is something around for you, rather you have a low or a very high budget.
How to invest in real estate in Jamaica?
Everyone can invest in real estate in Jamaica. The process is simple and can be done in 3 steps: 1st: Find a property in Jamaica; Step 2: Contact the seller; Step 3: Make an offer. If the seller accepts your offer, he or she will guide you through the purchasing process. Please keep in mind that prior to invest in Jamaican real estate, you'll need a TRN (Taxpayer Registration Number.
How long does it take to buy Real Estate in Jamaica?
This is very much depending on your funds. If you need a mortgage, it will take 90 days or even more. If you're able to pay cash, then the process to register and transfer a property takes around 50 days. Both from the date of signing the agreement of sales which needs to be completed.
Is it safe to buy a house in Jamaica?
Yes it is! But make sure you buy a property within a gated community. Jamaicans are very friendly people. Nevertheless, there is a big crime rate as well. Therefore, we advice you to buy a property only if you know your neighborhood well. If you don't know the neighborhood, then the only safe place is a gated community.
How to sell real estate in Jamaica?
There are many ways to sell real estate in Jamaica. You can choose a real estate agent or you can sell your property as an owner yourself. If you sell it yourself, you can save about 5% of the realtors commission. On JamaicanHousesForSale.com you can sell your property directly and absolutely for free. First, you choose 1 of the 3 options offered. Place a Free Property Ad, pick an Advanced Ad or go for the premium Professional Ad. It's that simple.
How much does a real estate agent make in Jamaica?
Depending on how many properties an agent is selling, he or she can make a lot of money! The regular commission for a real estate agent is 5%. While self-employed real estate agents earn more, the big of agents around in Jamaica do work for franchise donors such as Remax, Keller Williams, Coldwell Banker or Century21. Smart people buy property in Jamaica from the owner.
How to rent a house in Jamaica?
The process to rent a house in Jamaica is very simple. As a 1st step: Find a house or apartment in Jamaica; Step 2: Contact the landlord; Step 3: Go and have a look and the house; 4th and last step: Sign the rental contract. Everyone can rent a house or an apartment in Jamaica.
Where to buy a house in Jamaica?
The best place to buy a house in Jamaica is in Kingston (St. Andrew). The capital city offers everything you'll need. Another great option is Montego Bay (St. James). This city offers direct access to all tourist amenities on the north coast of the island. If you're looking for a more quiet place but still need fun and pleasure, then Negril (Westmoreland) or Ocho Rios (St. Ann) are 2 of the best choices for you. Finally, if you like it quiet and rural, then the Portland parish is the place to buy a house in Jamaica. Around Port Antonio you can find some of the most luxury villas Jamaica has to offer.
How to build a house in Jamaica?
To build a house in Jamaica you need good and trustworthy contractor. Unfortunately, if you're not living on the island while you build a house, then it's unavoidable to hire a well recognized contractor. To choose the right one for you and one who is close too, you can contact us at any time.
How much is a beach house in Jamaica?
Beach houses in Jamaica are very expensive. At least for regular people. Land prices have continued to increase the last decades. Today, in 2020, a really nice beach house in Jamaica will cost you 2 million USD and more.