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1 Bed apartment for sale in Sunshine Village - Neg

Sunshine Village Apartments Negril. The apartments are sited on the first floor of the Sunshine Village Plaza located on the west end road in Negril. They enjoy the amenities of poolbarjacuzzi; landsc... Prices From: £65,000

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IMF and Jamaica Ink standby agreement worth over 2 Billion Dollars to Jamaica
2010-02-08
The IMF and Jamaica have reached a stand-by arrangement worth 1.27 billion dollars, which will also .....

Jamaica Property Presenting Incredible Bargains
2009-12-22
Jamaican property is currently offering some incredible deals, as developers cut costs inorder to in.....

Jamaica Property Too Often Overlooked by Overseas Buyers
2009-07-09
Jamaica is often overlooked by overseas property buyers and investors, but offers some excellent buy.....

Second home buyers tipped to head for Jamaica
2008-11-17
A popular destination among celebrities in the Caribbean has been tipped to become a hotspot for sec.....

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Guide to Buying Property in Jamaica

The Jamaican Property Market

We are in the process of updating our Guide to Buying Property in Jamaica. Please check back soon

Jamaica Mortgages Options

When considering the options for a Jamaica mortgage on your overseas property there are a couple of choices to consider:

Do you consider raising finance on your existing property in the UK to cover the whole cost of your purchase abroad? A good idea if the interest rate in the country in question is a lot higher than it is here in the UK as you will pay a lot less in monthly repayments.
Do you secure a mortgage against the property from a local bank in the country of purchase? This can be a wise option especially if the interest rate is lower than our current UK interest rate. Most overseas mortgage / bank lenders will require upto 30% deposit on mortgages. However, you will need to give some thought to how you will service your mortgage payments each month especially if you are not living or earning in that country as you may well lose out on exchanging money each time to cover monthly expenses. Check out our Foreign Currency page to see how you can save money in this example
Some Builders and developers may well offer their own mortgage facilities on their properties for sale. This can be beneficial to both parties depending on the logistics of the mortgage or loan facility. Always check and compare with the two options above before making your final descision.