COLDWELL BANKER JAMAICA REALTY

If you are one of the few in a high chair looking down on the world crisis it’s easier to weather the storm. I have been so conservative all my life that weathering financial melt downs has been pretty easy.  If something is drilled into you for your entire life you tend to listen. PUT YOUR MONEY IN REAL ESTATE. Of course you need to know your market, real estate has always been a long term investment. Currently we have mortgage rates in Jamaican dollars at 15-17% . Buyers on the side line waiting for prices to fall and of course waiting for mortgage rates to go back down to it’s lowest levels in many years a very attractive 12%. (OUCH!!!) Well lets see what will happen when demand continues to build up on anticipation of lower prices and a reduction in interest rates. When interest rates come down demand will surge and prices will rise.

Jamaican real estate is definitely a safe investment, I am 100% convinced if interest rates had remained at 12% and even went down to 10% our Jamaican dollar would have held it’s own and the real estate market would still be active. When you jump mortgage rates so quickly and so high panic had to set in. So here we go again another two years of sitting down on our behinds collecting 28% interest from a government who just won’t be MAVERICKS and think outside the box. While everyone else is sitting down thinking they are making real money at 28% interest on government paper let’s go hunting for some solid real estate investments.

Your invited to join us on Friday March 27th at Mona Visitors Lodge @5-8pm to view our selection of Resort Properties.

Please call 946-0007 to book your seat. Presentations on the half hour. Covering Hanover, St.James, St. Ann, Portland and St. Bess.

I grew up watching these guys ever Friday night on the street corner hustle the weekly pay out of some half drunk old man who just got caught up in the hype of the chance to win big.

Boy we shore have had our fill of 3 Card Men over the last 4 years. One has to wonder what ever happened to the phrase “if it sounds to good to be true it usually is” many persons have gotten burnt by these high yielding investment schemes, will we ever learn????????????????

Jamaican real estate is holding up very nicely no panic sales, no overstocked inventory and they are buyers out there going to contract, so here is my prediction for 2009. Coldwell Banker Jamaica will have it’s best year ever.

What a delight to be starting a conversation with my buyers over the years “  Are we not glad to have invested in JAMAICAN REAL ESTATE”, picking winners is an art which I have truly enjoyed doing for my clients over the years.

Tryall Villa _ Little Palm

After 7 straight years of outstanding growth in our real estate market the buzz words are “Where are the steals and deals”. Just goes to show you when your market has been grossly undervalued it’s super hard to find a steal or a deal. Our overseas investors have always bought JAMAICA for two reasons, Love of the island and more value for their money.

I have traveled most of the islands in the territory and each time I come back I reaffirm the statement JAMAICA AN AUTHENTIC CARIBBEAN ISLAND. Being born and grown in JAMAICA I maybe a little bias but the truth is when you experience the development of a nation that is so highly esteemed around the world you can’t but be extremely proud of what you have been a part of over the last forty years.

Compare our prices with value and you will see what I’m talking about.

Have a great one,

Andrew