News Archive

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...

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...

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...

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...

JN OFF YOU GO!

May 30, 2014

Off You Go To Mexico Published: Friday | May 30, 20140 Comments Mexican Ambassador Gerardo Lozano Arrendondo (left) and JNBS Mortgage Sales Executive Tiffany Gordon (centre) present Carlene Sinclair with the grand prize. 1 2 3 > Jody-Anne Lawrence, Lifestyle Reporter The Jamaica National (JN) Building...