A Strategic Framework for Enhancing Resilience in Jamaica's National Housing Market
1.0 Introduction: The Paradox of Stability and the Imperative for Foresight
Jamaica's housing market currently presents a paradox. On the surface, the fundamentals appear sound, characterized by controlled inflation within the Bank of Jamaica's target range, record-low unemployment, and steady mortgage rates. This apparent stability, however, masks significant underlying vulnerabilities to a potential convergence of global shocks projected for 2026. This fragility poses a direct threat to Jamaica's macroeconomic stability and requires an immediate shift from passive monitoring to active, pre-emptive policy intervention.
The purpose of this document is to provide a strategic framework for Jamaican policymakers, including the Planning Institute of Jamaica (PIOJ) and the Bank of Jamaica (BOJ), to move beyond reactive management toward proactive resilience-building. It argues that while our macroeconomic fram…
