The Principle of Regression in Jamaican real estate refers to the tendency for high-value properties to lose potential value or appreciate more slowly when situated near lower-value or poorly maintained properties. Historically, this principle has shaped property values across Jamaica, particularly in areas with mixed property conditions and varied infrastructure. In the colonial period and early years of independence, affluent estates were typically concentrated in well-kept areas, especially in parts of Kingston. However, urban expansion and economic shifts eventually diversified property values within neighborhoods, as development and maintenance patterns became inconsistent.
For many years, areas like downtown Kingston exemplified the effects of regression. Once known for its thriving commercial and residential spaces, the area experienced a long period of decline, with many properties falling into disrepair and deterring investment. As a result, well-maintained properties in downt…
