Real Estate Prices in Jamaica
Those of us who complain about the price of real estate in Jamaica need only visit Trinidad, Barbados, Cayman or the Bahamas to see what SERIOUS housing prices look like in islands that are doing well economically.In fact, it's safe to say, that our crime is keeping our real estate prices in check.
Jamaica's beauty guarantees that if the number of murders were to drop, that an investment in real estate would be a brilliant move to make. If those other countries are any sort of guide, a car dealership would also be a sure bet.
Labels: economy
posted by fwade @ 2/06/2008
2 Comments:
Yes, real estate prices would definitely appreciate if we could manage and control the high incidence of crime.Consequently, investments in real estate would be positive.Interestingly,crime has impacted negatively on almost all aspect and sectors of the economy in terms of sectoral performance,expansion,buoyancy,revenue and growth.In solving and abating the crime problem,the economy will definitely experience some buoyancy and growth.The correlation between the high incidence of crime in Jamaica and the negative economic growth that/which we have experienced over the last two decades is extremely significant.So,as a society, we need to place greater emphasis on solving the crime problem relative to investments and economic growth..
ha! this is very true
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