Home RSS
Real Estate

Profiting from real estate

Avia Collinder the gleaner
Profiting from real estate - Profit - Real Estate - Jamaica

Aside from buying a property early in your career, then renting or liquidating it for retirement income, there are numerous ways to make money from real estate.

These include home construction and sale, developing and holding rental properties, buying and refurbishing properties for resale, offering agency services - including property management - and taking a cut from the direct sale of homes belonging to others.

Buying property and holding with the expectation that values would increase in the medium and long term, has been one source of sure profit locally.

The website, Jamaica-real-estate.net, points out that over the last two decades, the value of real estate has soared by almost 100 per cent in some communities, especially in St Catherine.

higher real-estate prices

Population increases usually translate into higher Jamaican real-estate prices in this and other areas. Researchers at this site note that if you bought a $400,000 Portmore, St Catherine, house in 1994, by 2004, that same property was valued at J$1.2 million - a 300 per cent increase.


Add your comment
  Anonymous comment
  Remember me on this computer

Send me by email any answer to my comment
Send me by email every new comment to this article

Disclaimer: The information presented and opinions expressed herein are those of the authors and do not necessarily represent the views of Estates Report and/or its partners.