On Deck with Throp

Jamaica Real Estate | Renting, Owning, Financing


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In this episode, I sat down with Margit Eder, who emigrated from Germany and has been a realtor with Valerie Levy and Associates for 11 years, specializing in Westmoreland, particularly Negril. She also has been my real estate agent in Jamaica since I moved here.

Our discussion covered many key aspects of the purchasing process, such as when a lawyer is required, what is covered by the 10% deposit, what to look for before entering the contracting stage and some of the documents needed to purchase a property in Jamaica either with cash or with financing. We also talked about how COVID has impacted the real estate market in Negril, buying trends in the area and a few things to think about when moving here, especially if you're relatively new to the area.

This episode on YouTude

Scotia Bank Mortgage Checklist

Little Bay Country Club Negril Property Tour Video

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    0:00 Intro

    2:33 Current Jamaican Real Estate Market

    4:34 Foreigners Working from Abroad in Jamaica

    6:03 Real Estate Demand Doubling during Covid

    7:00 Cost of Rent in Negril

    11:31 Buying Land in Jamaica

    16:15 Cost of a Gated Community Home in Negril

    21:24 The Process of Real Estate Purchase

    27:17 Requirements for Purchasing Real Estate

    30:58 Contact info & Closing out

    ...more
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    On Deck with ThropBy Throp

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