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Rent Act Amendments to be Finalised by Next Year

October 8, 2018
   Rose Bennett-Cooper, Chair of the Rent Assessment Board, says the long-awaited amendments to the Rent Restriction Act should be finalised within the next year.   “I was hoping that the amendments would be in place by December, but we’re working on it. However, those amendments will come about soon, because we are far along and we have...
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Hot Trend In Real Estate - Short-Term Rentals Pushing Up Prices

October 5, 2018
  Howard Johnson Jr., - President, REALTORS® Association of Jamaica The rise of the short-term rental market facilitated by online sites, led by Airbnb, has increased housing prices in key areas, according to real estate experts. "Right now, the going is hot," said Howard Johnson Jr, president of the REALTORS® Association of Jamaica, RAJ,...
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JN BANK - Regulated Short-term Rental Will Benefit the Economy

October 4, 2018
  Keith Senior (left), Consultant, JN Bank, makes a point to Rose Bennett Cooper, Chairman of the Rent Assessment Board, while Barbara Clarke, secretary, Realtors Association of Jamaica (RAJ) and Howard Johnson Jr, President of the RAJ. They were having a conversation after the conclusion of the  RAJ Symposium 2018 held at the Spanish Court Hotel...
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JN BANK - Short-term Rental Exposes Property Owners to Serious Liabilities

October 4, 2018
    Rose Bennett Cooper, Chairman of the Rent Assessment Board, addresses questions during last week’s RAJ Symposium 2018 at the Spanish Court Hotel in New Kingston. Other members of the panel listening are (from left): Keith Senior, consultant, JN Bank; Julian Patrick, director of product development and community tourism, Tourism Product Development...
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Investment Property Purchases Rise As Short-Stay Rentals Spike

September 5, 2018
  Ron Chapple Stock Jamaican realtors, property developers and bankers selling mortgages are reporting more interest in investment property purchases, and a concurrent upswell in mid-income developments in Kingston that is partly a response to that demand. Devon Young, a developer who is finalising a new residential complex in Kingston called...
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