Victoria Mutual gives support to International Realtors Conference
Paul Elliott (left), Vice President, Sales & Service, Victoria Mutual Building Society, engages in conversations with fellow presenter, Professor David Wachsmuth (centre), Assistant Professor, McGill University and Dr. Andrew Spencer Executive Director TPDCO, at the International Realtors Conference & Expo on December 5, 2019 at the Hilton Rose Hall Resort, in St James.
The Victoria Mutual (VM) Group partnered with the Realtors Association of Jamaica in hosting International Realtors Conference & Expo which focused on investment, continuing education and training, networking and fun for realtors.
The conference was held at the Hilton Rose Hall Hotel in Montego Bay, St James from December 5 to 7, 2019.
Group Chief Investment Officer at Victoria Mutual Group, Devon Barrett addressed the audience at the opening ceremony of the three-day conference. He encouraged young Jamaicans to get involved in the real estate market via unit trust funds.
“We thought it was absolutely necessary to be a part of this conference because the real estate market plays a huge role in what we’ve been doing for 141 years which is helping Jamaicans on their journey to financial wellness through home ownership”, said Barrett.
He also shared that the “Victoria Mutual Wealth Management team was the lead broker and arranger of Kingston Properties Limited (KPREIT) Rights Issue which raised over $2 billion.
Barrett noted that this offer reflected the high interest in the local real estate market.
Also attending the conference was Member of Parliament for east rural St Andrew Juliet Holness who focused on the role real estate developers can play in making homes more affordable for middle- income owners.
She remarked: “The lowering of mortgage rates has been a significant factor in the uptick in the building of homes and private enterprises and the macroeconomic framework has been building for businesses sprouting all over the country, but there is still massive room for improvement for real estate development.”
She continued: “The importance of building middle-income houses isn’t just about putting a roof over someone’s head – the middle class represents globally the most stable demographic on which one can maintain a strong real estate industry with stable income, stable family structure which signifies less risk.”
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