Jamaica Now

Jamaica Now

Leading a Real Estate Business Through Uncomfortable Change in Jamaica

Dean Jones's avatar
Dean Jones
Jan 29, 2023
∙ Paid

Change has never been polite. It rarely knocks before entering, and it almost never waits until you feel ready. If change were easy, everyone would do it — and yet here we are, watching some businesses bend, some break, and others quietly re-engineer themselves behind the scenes.

For Jamaica’s real estate sector, the last few years have not been defined by a single challenge, but by a layering of pressures: economic uncertainty, rising construction costs, shifts in buyer behaviour, tighter lending conditions, evolving regulations, and communities adjusting to new realities. This is not a market where decisions can be made casually or copied wholesale from overseas playbooks. Jamaica has its own rhythms, its own vulnerabilities, and its own strengths.

Many brokers and agents hoped that a strong mid-year market would rebalance the scales — that momentum alone would smooth out the rough edges. In some pockets, that happened. In others, the recovery was slower, uneven, and far more complica…

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