A $13.5 Million Budget Can’t Buy a Decent Home in Kingston | Housing Crisis Part 3 (2021) | TVJ News
In Housing Crisis Part 3, Janella Precius examines Jamaica’s changing housing market, from the rapid growth of apartment developments to the soaring prices of homes and land.
For prospective homeowners, the numbers can be staggering. New two-bedroom townhouses can cost as much as $100 million, while even finding a reasonably priced home in Kingston can prove difficult. The documentary follows homeowners and prospective buyers navigating a market where demand, location and affordability continue to shape their options.
Janella also meets Jamaicans trying to find affordable land to build, including a civil servant who questions why government-owned land cannot be made available to help working Jamaicans achieve homeownership.
The programme looks at the realities of buying versus building, mortgage pre-qualification, construction costs, and the growing demand for higher-density housing in Jamaica.
Originally aired in 2021.
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