...ppl a complain without granting the natural process of market demand n supply mechanisms...do not force prices (increase or reduction) because the industry will be in turmoil...allow the natural process to take place... ...consider these conditions when planning to purchase property anywhere especially on small territories like the much desired salubrious caribbean islands...
I don't know who sets the ir determines the prices for land and property but it appears that sellers or agents are getting very greedy with these prices. The market needs to return to some realistic pricing. Gold does not exists on these lands so why are they so expensive.
Because it's location is very demanding currently. Portland is one of the most culturally pure parishes remaining in the countryside of Jamaica 🇯🇲. The cost is in Jamaican currency and the purchaser will get that back fourfold in a relatively short time. Do your research and see if it makes sense. Blessup
$9 million Jamaican dollars is equivalent to the purchase of a new automobile in the United States. $57k more or less. You can place an Airbnb home on most properties today and basically sit back and enjoy the revenue from it. Or build farmland for you own business. The possibilities are endless.
I agree 100%!! I am originally from Portland and there are no gold or diamond buried in the soil. Yes, you can build an Airbnb, but it won't automatically guarantee a six-figure income. Tourism is seasonal and your income will vary wildly depending on the strength of the dollar and world politics. These properties are priced for international buyers, not for Jamaicans oversee or at home.
You people going to sit out there with those little pieces of land for us big money, my Jamaican peoples don’t be fooled with these pinch of land and big us money, we work in blood cold weather to be fooled with our money.
Dear sir you are assuming that everybody want to buy to do business. There are persons who simply want to come home and relaxin their native country. And simply because somewhere is "culturally pure" (whatever that means) should that really cause the price of land and other commodities to soar in price, especially when every other place is relatively stable in price. It is greed that causes these unnecessary hikes in prices.
Jeremiah 32:44 [44] They will use their money and buy fields, (says the Lord). They will sign and seal their agreements. People will witness their signing records of ownership. They will again buy fields in the land of Benjamin and in the area around Jerusalem. They will buy fields in the towns of Judah and in the mountains. They will buy them in the western mountain slopes and in southern Judah. This is because I will make everything as good as it once was,” says the Lord.
