The potential of living abroad and obtaining tangible benefits from active engagement with the wider global Jamaican community has been heightened by more people and companies working together.
As an engaged, Member-focused organisation, VM Group understands that members of the Jamaican diaspora are constantly looking for ways to invest in their home country, and real estate continues to be a popular and rewarding option.
But we get that understanding how to navigate the real estate market in Jamaica from abroad can be a little challenging. VM’s role as Legacy Partner of the 10th Biennial Jamaica Diaspora Conference, slated for June 16 to June 19, will allow us to explore this issue and provide the right pathways for securing this goal. But until then, here are some tips for helping our people living overseas make better decisions when investing in real estate back home.
“Without data, you’re just another person with an opinion.” – We’re experts providing expert knowledge, not just opinions. That’s why we believe that one of the first steps to owning a piece of the Rock is doing your own research on market trends, property prices, or rental returns to identify the most promising opportunities.
“Our goals can only be reached through a vehicle of a plan…” – Are your real estate plans and goals clearly defined? Whether you’re looking towards rental income, commercial property or your vacation home, having a clear strategy will help guide your investment decisions in the right direction.
“There is an old adage, that the three most important words in real estate are Location, Location, Location.” – Any thoughts on where you’d like your property to be located? Choosing the right location can have a major impact on the success of your investment. So, before you get to paying for your piece of the Rock, think about things like rental demand in particular areas, the proximity to facilities such as shopping centres or medical facilities and think about the potential for capital increase.
“An expert knows all the answers – if you ask the right questions.” – We can’t stress enough how important it is to work with the professionals when looking to purchase your property, to help you navigate the complexities of real estate investment. Get connected with the right realtors, valuators, property managers and lawyers in Jamaica. Lucky for you, VM Property Services offers a suite of services that will help you go from dream to keys in no time.
“If people are informed, they will do the right thing.” – Stay in the loop. Information is readily accessible from anywhere in the world. Keep up with real estate market trends, interest and regulatory adjustments. And whenever you can, join real estate forums like our recent Diaspora Dialogues – Connecting Through Heritage, or our Acquiring Real Estate live or even our Property Valuation session.
If you’re a member of the Jamaican diaspora, investing in real estate back home can be a rewarding venture if you’re looking to build wealth, generate some more income, or simply launch roots in your homeland. Talk some more with our property services experts by clicking here.
