Jamaican Real Estate Opportunities Gain Interest In Florida, USA Market, Discussion On October 6, 2011

Real Estate opportunities, the financing of mortgages, and internet access to information about land titles are some of the key subjects to be discussed at a meeting with Jamaicans in the US Diaspora, organised by the Florida Representative Office of the Jamaica National Building Society (JNBS), on Thursday, October 6, 2011, at 6:30 p.m.

Mrs. Janice McIntosh, Chief Representative Officer for Jamaica National in Florida, said that the meeting, to be held at Kendall Hotel and Suites in Miami, will highlight the Society’s new mortgage rates. And, she will be inviting participants to, “have conversations with the Society about real estate investment in Jamaica.”

General Manager of JNBS, Mr. Earl Jarrett, will be the main presenter at the Miami meeting; and other presentations will be made by Jamaican real estate developers; as well as, a representative from the National Land Agency (NLA).

“We are aware of this growing interest in Jamaican real estate from our nationals in the Diaspora,” Mr. Jarrett stated, “and this has led to the consolidation of our partnership with Real Estate Developers, the National Housing Trust and the National Land Agency, to provide a briefing on the available housing solutions in Jamaica; and, respond to the growing interest in this overseas market.”

He explained that participants will be briefed about the Society’s Joint Financing Programme with the National Housing Trust (NHT); and that a representative of the National Land Agency (NLA) will make a presentation about the Agency’s innovative iMap Jamaica application, which allows persons anywhere in the world to access land boundary information in Jamaica, via the NLA’s website.

“With iMap Jamaica, Jamaicans who own untitled property can use this application to identify their holdings and begin the process of securing a Title, which is the first step in any investment plans they may have for real estate development,” the JN General Manager pointed out.

Mrs. McIntosh added that participating Developers in the JN Preferred Lender Programme will have displays and other material on hand to sign up individuals if they are ready to commit to a purchase. “They are Jamaican based real estate agents, who have forged an alliance with the JNBS Mortgage Unit; and through this partnership, together we are educating Jamaicans residing overseas, about housing options in Jamaica; and the advanced technologies they can use to be better informed,” she pointed out.

The Miami-based event follows on the series of meetings that were held in West Palm Beach and Orlando in June, which were attended by over 500 persons. Many of these persons are now actively pursuing the information gleaned from those sessions organised by Jamaica National.

One new JNBS member, Maxine Lender of West Palm Beach stated that “the presentations are thorough and has renewed my interest in Jamaica and I will be securing one of the properties I saw in Ocho Rios.”