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Expert Insight of the Week:

Global Real Estate Market Update

As we enter 2025, the global real estate market is experiencing a pivotal shift. Supply shortages are worsening for in-demand assets across property types, with significant drops in new building activity in North America and Europe due to high construction costs and labor constraints. This scarcity is driving competition for prime spaces, particularly in major cities.

Global interest rates are on a downward trajectory, though the pace varies by region. In the United States, the Federal Reserve has begun adjusting rates, leading to decreases in mortgage rates.

Many countries are following suit, with forecasts showing gradual reductions throughout 2025. For instance, Australia's interest rate is expected to decrease from 4.35% to 3.35% by the end of the year, while South Korea's rate may drop from 3.00% to 2.25%.

For potential homebuyers navigating this landscape, several strategies can help secure a mortgage:

1. Consider an adjustable-rate mortgage (ARM) to potentially benefit from lower initial rates.
2. Explore fixed-rate mortgages with shorter terms for better rates.
3. Get preapproved to understand your options and strengthen your position.
4. Don't wait for perfect conditions – home prices may continue to appreciate even as rates decrease.
5. Investigate mortgage buydowns or purchasing points to lower your interest rate.

While 2025 presents challenges, it also offers opportunities. The key is to act strategically, understanding that while rates may continue to fall, home prices could rise as demand increases. By working closely with lenders and staying informed about market trends, buyers can position themselves to secure favorable mortgage terms in this evolving real estate landscape.

Featured Property of the Week:

Apartment for Sale in The Pinnacle - Montego Bay

Overview

Experience the pinnacle of luxury and comfort in this stunning 3-bedroom, 3-bathroom investment unit. Spanning 1,732 sq. ft. of impeccably designed interior space and featuring an additional 441 sq. ft. of balcony, this eighteen-floor unit offers a perfect blend of sophistication and functionality.

Imagine this open-concept layout, perfect for families or entertaining, with a gourmet kitchen and premium appliances, A spa-inspired primary suite with private balcony access, plus two additional bedrooms with ensuite bathrooms. Enjoy serene natural reserve and Caribbean Sea views from dual balconies facing to capture stunning sunsets.

Exclusively featuring elevated pool deck with private cabanas, state-of-the-art fitness center and yoga studio, on-site spa and dining services, 24-hour concierge and enhanced security. All nestled in the prestigious gated Pinnacle estate, Unit 1807 offers unmatched privacy and world-class amenities.

Location is close to all major amenities in Montego Bay Jamaica. This residence is more than a home—it’s a lifestyle investment.

Unit Details and Pricing

• 4 bedrooms / 4 bathrooms
• 1,743 sq. ft.
• Listed for $1,497,611 USD

Photos

Please reply to this email for more details.

***Courtesy of KELLER WILLIAMS JAMAICA***

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Please reply to this email with any questions or if you are interested in purchasing a home in Jamaica.

See you next week!

Stay Blessed, Jess Martin @ SideHustleMama​ Email: jess@sidehustlemama.co​ WhatsApp: +1 (631) 449-6481 Global Investor Agent | Real Estate Consultant Powered by eXp Realty - Atlanta, GA