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At a time of global credit crises the Jamaican
property market remains resilient
and strong. For euro and sterling customers
there is a fantastic opportunity
to make significant capital gains at a time
of historic US dollar weakness.
Property investors looking
for property investment opportunities have
already realised this fact and are starting
to buy in Jamaica. Combined with
the Government financial incentives
a property construction boom has
already begun in an attempt by the Government
to keep pace with the Tourist boom
that is well established. Jamaica is not
only a Tourist Paradise
but it is now looking like a Property
Investment Paradise as well. But
don’t take our word for it. Here is
some recent, i.e. quotes from 2008 as to
how property in Jamaica is faring.
2008 - Property Investment
Quotes:
| “although
supply was limited in 2007, demand
for housing remains vibrant,
resulting in an increase in
prices and a real estate market
driven by demand, - commonly referred
to as a sellers market.”
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(Valerie
Levy, Real Estate Broker, Florida) |
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| “UK
buyers, in particular, are
in a unique position to purchase
property at close to ‘half price’,
benefiting from the GB$’s exchange
rate” (better again for euro€
buyers)" |
(Deborah
Cumming, Real Estate Broker, Jamacia) |
| “Jamaica
economy and property markets strong:
– Even with US slowdown."
|
(Net
News) |
| “Doing
business in Jamaica?
See why it’s an inviting
and dynamic choice for investors."
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| “Jamaica
was named by the world bank
as one of the World’s top
10 countries in which to do business"
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Property Investor Opportunity – 5
Key Further Benefits
If you are a Property Investor looking for
a property investment on one of the world’s
most fantastic tourist destinations then
Cousins Cove is the Property Investment
choice for you. 5 Key Property Investment
facts:
1. |
No local Capital Gains Tax |
2. |
No
restriction on the movement
or repatriation of profits |
3. |
Transactions
costs in USD$ dollars at a time of historic
lows for the US dollar against
sterling and the euro |
4. |
English
speaking
country. |
5. |
Jamaican
Legal system based on the UK
legal system which is similar
to the legal system in Ireland. |
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Financial
Times Opinion
| If
you still require further convincing that
this is the Caribbean Apartment Property
for you, then consider what the Financial
Times had to say as recently as Q4,
2007.
|
| “...these
markets - such as Jamaica
- offer considerable potential for
growth. Frontier markets are the
emerging markets of 15 to 20 years
ago." |
|
Stacey-Marie
Ishmael, Financial Times Published: Dec
03, 2007 |
| “...in
recent months as investors have sought
out far-flung places such as Jamaica
in response to the problems in western markets
such as the subprime crisis and the weak dollar...make
these frontier markets quite attractive.
They're a good way to diversify a portfolio."
|
| Joanna
Chung in London, Financial Times Published:
Nov 20, 2007 |
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Considerable Potential for Property Growth
Jamaica
is the frontier market of today in the same way
countries like Spain were the frontier markets
of the eighties. Property Investors
are advised to invest now and
realise significant Capital Gains.
For further information contact a Mc Mullen’s
representative who can outline:
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- 3
year guaranteed rental income
- 1
price covers
all purchase costs including Stamp,
Legal, Furnishings, etc.
- $5,000
secures
- 30%
on contract signing
- 70%
due only on completion
- Mortgage
options available against Jamaican property
investment
- Significant
18 month Capital Gains
projections
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Still not convinced! Recently one of Ireland’s
most successful young entrepreneurs, Denis O’Brien,
owner of Digicel, the number 1 mobile phone carrier
in Jamaica, had this to say about the islands economy:
Digicel forecasting strong
growth - 2008
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| In
relation to Jamaica,
he said it was “on
fire” at the moment.
“Jamaica will have
another big year”...”It’s
a very vibrant market”....“The
forecast would be for another
very, very strong year.
It will be similar growth to what
we saw over 2006/2007 to 2007/2008.
It wouldn’t be doubling
but it will jump another
step”. |
| Sunday
Business Post, March 16th, 2008.
Article by; Samantha McCaughren |
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Don’t
miss out on this fantastic property
investment opportunity. Cousin’s
Cove, Jamaica in the heart
of the Caribbean – the place you
always wanted to visit
is where you want to buy your
sun holiday investment property.
Now is your opportunity to buy a Caribbean
Property with all the benefits
of ‘Off-Plan’ investment
in a site that is already under
construction on a Duty
Free island that has a shortage
of suitable accommodation
for the many high value tourists
seeking their own piece of
paradise.
Contact us today and buy your
own piece of Paradise. |
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