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Real Estate in Montego Bay, Jamaica | Expat Exchange
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Montego Bay, Jamaica

Real Estate in Montego Bay, Jamaica

By Betsy Burlingame

Last updated on Oct 11, 2024

Summary: The average cost of a nice 2 bedroom home in Montego Bay, Jamaica is around $200,000 USD. A nice 3 bedroom home in Montego Bay is around $250,000 USD. These properties typically include modern amenities such as air conditioning, swimming pools, and private gardens. There are no restrictions on foreign ownership for properties in Montego Bay. An expat should search for a home to buy in Montego Bay by researching the local real estate market, consulting with a real estate agent, and visiting the area to get a feel for the neighborhoods. The most desirable neighborhoods in Montego Bay include Ironshore, Tryall, and Rose Hall.

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Cigna Global Health
Cigna Global Health

How do I find a place to live in Montego Bay?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"One option for finding a place to live in Montego Bay is to search online for rental listings. Websites such as Airbnb, HomeAway, and VRBO offer a variety of rental properties in the area. Additionally, there are many local real estate agents who specialize in helping people find a place to live in Montego Bay. It is also possible to find a place to live by asking around in the local community. Many people in Montego Bay are willing to rent out their homes or apartments to visitors," said one expat in Montego Bay.

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What is a typical expat home or apartment like in Montego Bay?

"Expat homes and apartments in Montego Bay typically feature bright and airy interiors with large windows and balconies that offer stunning views of the Caribbean Sea. The apartments are usually spacious and well-equipped with modern amenities such as air conditioning, cable TV, and high-speed internet. Many expats also enjoy the convenience of having a private pool or access to a shared pool in their complex. Additionally, many expat homes and apartments are located in gated communities with 24-hour security, providing a safe and secure environment for expats to live in," said one person in Montego Bay.

"I am living in a 3 bedroom, 4 bathroom furnished townhouse in a gated community. It's brand new and beautiful," said one expat who made the move to Montego Bay.

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Relocating abroad soon? Make your move with AGS! AGS Worldwide Movers is a leader in the international moving industry. Our experience and expertise allows us to guarantee our clients the best quality moving services.

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AGS Worldwide Movers

Relocating abroad soon? Make your move with AGS! AGS Worldwide Movers is a leader in the international moving industry. Our experience and expertise allows us to guarantee our clients the best quality moving services.

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What is the average cost of housing in Montego Bay?

If you are thinking about moving to Montego Bay, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The cost of housing in Montego Bay varies depending on the type of housing and the location. Generally, the cost of renting an apartment or house in Montego Bay is relatively affordable compared to other cities in the Caribbean. Prices range from around $500 USD per month for a basic one-bedroom apartment to upwards of $2,000 USD per month for a luxury villa," said one person in Montego Bay.

"I am paying $1200 USD plus utilities here. Expensive for Jamaica however this same house would cost double in Canada," remarked one foreigner who made the move to Montego Bay.

Should I buy or rent a home in Montego Bay?

If you have not spent a lot of time in Montego Bay, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"Buying a home in Montego Bay can be a great investment. The city is a popular tourist destination and real estate prices are on the rise. Renting a home in Montego Bay can also be a great option, as it allows you to enjoy the city without the commitment of buying a home. Ultimately, the decision to buy or rent a home in Montego Bay should be based on your individual needs and financial situation," said one expat in Montego Bay.

What do I need to know when buying property in Montego Bay?

When we asked expats what advice they would give a foreigner before buying a property in Montego Bay, they said:

"Buying a home here is a process, and you do not want to leave that home empty six months out of the year… It will be vandalized, burglarized, and taken over by squatters… Depending of course, where are you buy a house," said one expat in Montego Bay.

"When buying property in Montego Bay, it is important to research the area and the local market. It is also important to understand the local laws and regulations regarding property ownership and taxation. It is also important to consider the cost of living in the area, as well as the availability of public services and amenities. Additionally, it is important to consider the safety and security of the area, as well as the potential for natural disasters. Finally, it is important to work with a reputable real estate agent or lawyer to ensure that the purchase process is completed properly," said one foreigner living in Montego Bay, Jamaica.

Are foreigners allowed to own property in Montego Bay?

When we asked expats what advice they would give a foreigner before buying a property in Montego Bay, they said...

"Yes, foreigners are allowed to own property in Montego Bay. There are no restrictions on foreign nationals purchasing real estate in the country. However, it is recommended that potential buyers work with a reputable attorney and real estate agent to navigate the purchasing process. Additionally, foreigners may need to obtain a license from the Jamaican government if they plan to purchase more than five acres of land for commercial purposes or if they intend to lease the property," said one foreigner living in Montego Bay, Jamaica.

What appliances are typically included in a rental?

We asked foreigners in Montego Bay what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:

"In Montego Bay, rental properties typically include a refrigerator, stove, oven, microwave, and washing machine. Additionally, some properties may include air conditioning, a dishwasher, and a clothes dryer," explained one foreigner living in Montego Bay, Jamaica.

Additional Information about Searching for a Home in Montego Bay:

We asked foreigners in Montego Bay what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...

"Expats searching for homes in Montego Bay often start by browsing online real estate websites and local classifieds to get an idea of the housing market. They may also join expat forums and social media groups to seek advice and recommendations from fellow expats who have already gone through the process. Additionally, they can reach out to local real estate agents who have experience working with expats and can help them navigate the local housing market. Visiting Montego Bay in person to explore neighborhoods and attend open houses can also be helpful in finding the perfect home. Finally, networking with locals and other expats can lead to potential housing opportunities that may not be advertised online," said one in Montego Bay.

About the Author

Betsy Burlingame Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.

Montego Bay, Jamaica

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