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Mr. Edwin D.C. Wint, Dip LEVS, Dip Proj Man (RICS), BA, MBA, ICIOB MBIFM - Elected as RAJ President

September 26, 2014
On September 25, 2014 the Realtors® Association of Jamaica elected Mr Edwin D. C. Wint as the new president at our Annual General Meeting held at the New Kingston Conference Centre.  Mr Wint is the Chairman and CEO of La Maison Property Services and has been an entrepreneur in the private sector since 1981. A Realtor and Real Estate Consultant, he...
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Realtors Urged Not to Facilitate Money Laundering

September 25, 2014
  Minister of National Security, Hon. Peter Bunting, has called on realtors to ensure that they do due diligence, when engaging in transactions with clients, as part of efforts to stamp out illegal activities, including money laundering and narcotics trafficking. “You may consider this (doing due diligence) as an unnecessary burden…but if our...
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Power of Sale Applications Rise under Amended Strata Law

September 14, 2014
Sandra Watson, General Manager of the Real Estate Board.-FILE Sandra Watson, General Manager of the Real Estate Board.-FILE Real Estate Board and Strata Commission Sandra Watson is pointing to an uptick in applications for the forced sale of residential units since the start of the year, under the new powers granted to strata executives. Amendments...
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New Home Mortgages Rise As Dollar Declines

September 12, 2014
Local real estate experts are noting a rise in new residential construction as the local currency weakens against the United States dollar, but say there is a pass-through effect on the size of mortgages sought by prospective homebuyers. The observation is in sync with data produced at mid-year by the Planning Institute of Jamaica which indicates...
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Residential Market Down But Not Out

September 7, 2014
   Industry sources say that the sharp decline in mortgage volume seen in the June quarter, as reported by the Planning Institute of Jamaica (PIOJ), is unlikely to persist. But, they add that stagnant economic conditions may be curtailing debt-financed home purchases. On August 19, PlOJ reported declines in the number of housing starts - down 46.6...
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