The slowdown in the Jamaican real estate sector has been recognized by Edwin Wint, President of the Realtors Association of Jamaica. Wint, in an interview with Radio Jamaica’s Financial Report, notes that the decline has been seen mainly in the demand for high end real estate properties. 

Many construction projects also seem to have slowed considerably or be on hold.  With the current high level of non-performing mortgage loans, it seems cash, as always, will be king as the market softens. 

The Jamaica Real Estate Expo scheduled for November 23, 2008 at the Hilton Kingston promises to be interesting.