Finding Real Estate in Jamaica

Jamaica real estate can be noted as being located on an island, one which is 145 miles long and is made up of 4300 square miles. Located in the Caribbean Sea, Jamaica property can further be noted as being 120 miles to the west of the island of Hispaniola, on which the Dominican Republic and Haiti are situated, and to being 90 miles to the south of Cuba. Jamaica real estate is, furthermore, part of the Greater Antilles, as includes the previously mentioned locations as well as Puerto Rico and constitutes the large majority of West Indies land. Jamaica real estate has been noted for having experienced a financial downturn in 2010, particularly due to a warning issued by the State Department of the United States government against travel to the area, which cut down particularly on rental of Jamaica property by U.S. residents. An especially strong blow to Jamaica real estate, specifically on the rate of U.S. and otherwise foreign investment in it, arose from drug-related violence in Kingston triggered by attempts to serve an arrest warrant for the reputed drug lord Christopher Coke. The fear of violent crime has ensured that the Jamaica property most often considered for purchase by outsiders has been in well-guarded gated communities, contributing largely to the cost of Jamaica real estate. The Jamaica real estate market in general has been greatly and adversely affected by high levels of inflation. Jamaica property purchases accordingly began a dip in 2009 which has continued.