Properties For Sale In Jamaica
just as many other countries in the Caribbean attracts not only tourists
but those seeking to buy and invest in real estate. This is not mostly
popular in Jamaica as to St. Kitts or the Bahamas due to the negative
perception of the media, none the less Jamaica is still a beautiful
place to retire and buy a house that is on sale. That is what most
retired Jamaican who has gone abroad to work has done.
None Jamaicans may just look for a vacation home for sale so they have
their personal space when they vacate.
The retired Jamaican when moving back to his or her home country can
always afford the best quality of land and also quantity depending on
their plan which benefits them greatly. What is popular in Jamaica
though is the land being passed down to family members and those lucky
to inherit is able to build a home for them.
A wide range of properties are available in Jamaica from studio flats,
large 3 bedroom house and more or even some commercial buildings. The
can be found mostly along the coast like Negril or Montego Bay or on the
hillsides in places like Stony Hill in Kingston. The properties that are
detached mostly have pools due the large land size. And since recently
there are creating residential areas with leisure facilities and other
features to enjoy especially increase security through building enclosed
communities. Richmond Estate is an example of this.
To go even further to attract buyers the Government reduced the Stamp
Duty and Transfer Tax. Stamp Duty and Transfer Tax was reduced to 3% and
4% respectfully, which gives a good incentive to investors. If you are
in a good financial position or is a liquid investor buying property is
a good idea to do now.
Due to the global economic crisis we experienced recently investors were
affected negatively even though the devaluation of the Jamaican dollar
would have made it even more affordable for overseas investors to
acquire properties for sale. As time passes however and the country
recovers, somewhat, increases the demand for properties on sale all over
the island and even luxurious vacation homes for sale also.
As a result there is good news for people wishing to acquire property in
Jamaica to live or investors alike, with the tax incentives and other
actions of the Government making it even more pleasing for buyers of
properties for sale.
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