• Average asking price $1,724,296
  • % + or - average Caribbean property price -29%
  • Property price range $106,475 - $10,000,000
  • Average price per sq ft $374
  • Annual tourist arrivals 2,181,684
  • % change in annual tourist arrivals +2.8%

Overview – The Jamaica Real Estate Market

From the cool hills of the Blue Mountains to the white sands of Montego Bay, Jamaica is simply stunning. Its landscape seduces the senses and has lured Hollywood royalty for decades. Marlene Dietrich, Marilyn Monroe and Sophia Loren count among those who are known to have fallen in love with the island.

Jamaica’s idyllic beaches, crystal clear sea, cascading waterfalls and lush mountainous backdrops have made the island the destination of choice for countless weddings, honeymoons and family vacations. In 2017 a record 2.35 million stopover visitor arrivals were welcomed by this Caribbean powerhouse located almost half way between the Cayman Islands and the Dominican Republic.

With championship golf courses, restaurants and spas catering to those who plan on staying for longer than a vacation, there is also a well established real estate market on Jamaica. There are several prestigious gated communities with luxury homes available, including beachfront property and villas overlooking golf courses in locations including Montego Bay, Negril, Ocho Rios, Port Antonio, Runaway Bay and St Ann.

 

Search our Jamaica Real Estate Listings

As specialists in luxury Caribbean property, we can introduce you to a wide selection of the finest residential property, land for sale and commercial real estate in Jamaica.

Our agents on island can offer unrivaled local insight into the market and the most desirable investment opportunities.

To discover your perfect property in Jamaica, search our Jamaica real estate listings.

 

Areas

Hanover

Discover Hanover – Read our Guide to Hanover Real Estate.

Kingston

Discover Kingston – Read our Guide to Kingston Real Estate.

Montego Bay & St James

Discover Montego Bay & St James – Read our Guide to Montego Bay Real Estate & St James Real Estate.

Negril

Discover Negril – Read our Guide to Negril Real Estate.

Ocho Rios & St Ann

Discover Ocho Rios & St Ann – Read our Guide to Ocho Rios & St Ann Real Estate.

Oracabessa & St Mary

Discover Oracabessa & St Mary – Read our Guide to Oracabessa & St Mary Real Estate.

Port Antonio

Discover Port Antonio – Read our Guide to Port Antonio Real Estate.

Portland

Discover Portland – Read our Guide to Portland Real Estate.

Runaway Bay

Discover Runaway Bay – Read our Guide to Runaway Bay Real Estate.

Spring Farm

Discover Spring Farm – Read our Guide to Spring Farm Real Estate.

St Elizabeth

Discover St Elizabeth – Read our Guide to St Elizabeth Real Estate.

Tryall Club

Discover Tryall Club – Read our Guide to Tryall Club Real Estate.

Westmoreland

Discover Westmoreland – Read our Guide to Westmoreland Real Estate.

 

Buying Property in Jamaica

There are no restrictions on foreign nationals acquiring real estate in Jamaica.

Once you have made an offer on a property and that offer has been accepted, a land survey and title search should be conducted. The seller’s lawyer will prepare an Agreement for Sale. We would recommend that you also seek the advice of a local lawyer. Upon signing you will need to pay a deposit of 10% – 20% and the balance to then be paid in instalments.

There is a stamp duty of 4%, payment of which is usually split between buyer and seller.

There is also a transfer tax of 5% of the purchase price of the property, which is paid by the seller to the Commissioner of Stamp Duty.

There is also a nominal property tax based on the unimproved value of the land.

You can apply for permanent residence in Jamaica. You will need to demonstrate proof of income and property owned.

 

Jamaica – Land for Sale

Purchasing a lot of land provides you with a blank canvas and the opportunity to build your dream home in Jamaica.

Whether you are looking for beachfront land or a centrally located plot, we offer various lots of land for sale in Jamaica.

For larger parcels of land for commercial development, please see our commercial real estate listings.

 

Saving on Your Purchase

You could save money when investing in Jamaica real estate by using a foreign exchange expert to get the best rate for your property purchase. We have partnered with Halo Financial, a specialist in foreign exchange, to help you get the best exchange rates when making one-off or regular international payments for a property purchase in Jamaica. To see how you could save money, read more: Foreign Exchange.

 

Getting There

There are direct flights to Jamaica from various cities across the United States, Canada and Europe (the UK).

You can fly direct to Jamaica’s Sangster International Airport in Montego Bay or to Norman Manley International Airport in Kingston.

From the USA, there are direct flights from various cities, including Atlanta (Delta), Dallas and Miami (American Airlines), New York (Caribbean Airlines, Delta and JetBlue) and Charlotte and Philadelphia (US Airways).

From Canada, Air Canada operates direct flights from Toronto and Halifax.

From the UK, British Airways and Virgin Atlantic operate direct flights to Jamaica from London.

Atlanta to Montego Bay: 2 hours 50 mins
Dallas to Montego Bay: 3 hours 55 mins
London to Jamaica: 9 hours 20 mins
Miami to Jamaica: 1 hour 40 mins
New York to Jamaica: 3 hours 55 mins
Toronto to Jamaica: 4 hours 10 mins

Local weather

22° Precipitacion0.1%
Sun 20° | 30°
Mon 20° | 29°
Tue 20° | 30°
Wed 21° | 30°
Thu 20° | 30°
Fri 19° | 30°
Sat 20° | 29°

Local time

9:14AM Sunday 22nd Apr 2018 (EST)
Sun 20° | 30°
Mon 20° | 29°
Tue 20° | 30°
Wed 21° | 30°
Thu 20° | 30°
Fri 19° | 30°
Sat 20° | 29°

Fast facts

  • Population 2,950,210
  • Capital Kingston
  • Language English
  • Currency Jamaican Dollar
  • Time zone GMT-5 | ET