Jamaica Real Estate: General Information
Like the country and its people, properties for sale in Jamaica
are always full of character and charm. A large and varying landscape provides for
a wide selection of homes, including some located within resort communities where
the owner may benefit from private amenities. With many direct flights available,
Jamaica real estate is convenient for buyers across North America and offers a range
of attractions for everyone, including world-class golf, water sports, and vibrant
cultural activities. Its beaches are numerous and very good quality.
- Stamp duty: 5.5% of the purchase price, split equally between the buyer and seller
- Legal fees: typically 3% of the purchase price
- A minimum deposit of 15% is usually required at the signing of the Sales agreement
- Registered Title and Common Law ownership both present
- Financing for non-nationals available for 70-95% of the value over 20-30 years;
interest rates vary widely
- Sales generally completed within 6 months of the signing date
This material is based upon information which we consider reliable, but because
it has been supplied by third parties, we cannot represent that it is accurate or
complete, and it should not be relied upon as such. These offerings are subject
to errors, omissions, changes, including price, or withdrawal without notice.